Related papers: An Insurance-Led Response to Climate Change
Climate change not only threatens agricultural producers but also strains related public agencies and financial institutions. These important food system actors include government entities tasked with insuring grower livelihoods and…
Wildfires pose a significant natural disaster risk to populations and contribute to accelerated climate change. As wildfires are also affected by climate change, extreme wildfires are becoming increasingly frequent. Although they occur less…
Industrial operations have grown exponentially over the last century, driving advancements in energy utilization through vehicles and machinery.This growth has significant environmental implications, necessitating the use of sophisticated…
Carbon credits are a key component of most national and organizational climate strategies. Financing and delivering carbon credits from forest-related activities faces multiple risks at the project and asset levels. Financial mechanisms are…
Increasing urbanization puts pressure on cities to prioritize sustainable growth and avoid carbon lock-in. Available modeling frameworks fall acutely of guiding such pivotal decision-making at the local level. Financial incentives,…
Weather-related risk makes the insurance industry inevitably concerned with climate and climate change. Buildings hit by pluvial flooding is a key manifestation of this risk, giving rise to compensations of the induced physical damages and…
AI has been proposed as an important tool to support several efforts related to nature-based climate solutions such as the detection of wildfires that affect forests and vegetation-based offsets. While this and other use-cases provide…
A Renewable Energy and Materials Economy (REME) is proposed as the solution to the climate change threat. REME mimics nature to produce carbon neutral liquid fuels and chemicals as well as carbon negative materials by using water, CO$_2$…
We estimate the national social cost of carbon using a recent meta-analysis of the total impact of climate change and a standard integrated assessment model. The average social cost of carbon closely follows per capita income, the national…
Large variations of European storm activity at decadal and longer timescales have been found to be driven by major tropical volcanic eruptions, internal climate variability and anthropogenic aerosols (AA). The insurance industry have the…
We propose an evolutionary competition model to investigate the green transition of firms, highlighting the role of adjustment costs, dynamically adjusted transition risk, and green technology progress in this process. Firms base their…
Mitigating climate change requires behaviour change. However, even climate-concerned individuals often hold misperceptions about which actions most reduce carbon emissions. We recruited 1201 climate-concerned individuals to examine whether…
Artificial Intelligence (AI) has received an increasing amount of attention in multiple areas. The uncertainties and risks in AI-powered systems have created reluctance in their wild adoption. As an economic solution to compensate for…
Humans have been able to tackle biosphere complexities by acting as ecosystem engineers, profoundly changing the flows of matter, energy and information. This includes major innovations that allowed to reduce and control the impact of…
Extreme weather events stemming from climate change can cause significant damage and disruption to power systems. Failure to mitigate and adapt to climate change and its cascading effects can lead to short and long term issues. The profound…
In the context of whether investors are aware of carbon-related risks, it is often hypothesized that there may be a carbon premium in the value of stocks of firms, conferring an abnormal excess value to firms' shares as a form of…
Increased penetration of wind energy will make electricity market prices more volatile. As a result, market participants will bear increased financial risks, which impact investment decisions and in turn, makes it harder to achieve…
Multiple changes in Earth's climate system have been observed over the past decades. Determining how likely each of these changes are to have been caused by human influence, is important for decision making on mitigation and adaptation…
We introduce Climate Change Valuation Adjustment (CCVA) to capture climate change impacts on CVA+FVA that are currently invisible assuming typical market practice. To discuss such impacts on CVA+FVA from changes to instantaneous hazard…
In response to the global need for sustainable energy, green technology may help fight climate change. Before green infrastructure to be easily integrated into the world's energy system, it needs upgrading. By improving energy…