Related papers: An Insurance-Led Response to Climate Change
The climate change dispute is about changes over time of environmental characteristics (such as rainfall). Some people say that a possible change is not so much in the mean but rather in the extreme phenomena (that is, the average rainfall…
Extreme sea level estimates are fundamental for mitigating against coastal flooding as they provide insight for defence engineering. As the global climate changes, rising sea levels combined with increases in storm intensity and frequency…
Climate change is one of the most pressing challenges of our time, requiring rapid action across society. As artificial intelligence tools (AI) are rapidly deployed, it is therefore crucial to understand how they will impact climate action.…
No one doubts the utility of insurance for its ability to spread risk or streamline claims management; much debated is when and how insurance uptake can improve welfare by reducing harm, despite moral hazard. Proponents and dissenters of…
Climate change is a major global challenge today. To assess how policies may lead to mitigation, economists have developed Integrated Assessment Models, however, most of the equilibrium based models have faced heavy critiques. Agent-based…
Insufficient Social Cost of Carbon (SCC) estimation methods and short-term decision-making horizons have hindered the ability of carbon emitters to properly correct for the negative externalities of climate change, as well as the capacity…
Price-based demand response (PBDR) has recently been attributed great economic but also environmental potential. However, the determination of its short-term effects on carbon emissions requires the knowledge of marginal emission factors…
The aim of this work is to propose an end-by-end modeling framework to evaluate the risk measures of a bank's portfolio of collateralized loans in an economy subject to the climate transition. The economy, organized in sectors, is driven by…
Extreme weather events increasingly threaten the insurance and real estate industries, creating conflicts between profitability and homeowner burdens. To address this, we propose the SSC-Insurance Model, which integrates SMOTE, SVM, and…
Climate models robustly imply that some significant change in precipitation patterns will occur. Models consistently project that the intensity of individual precipitation events increases by approximately 6-7%/K, following the increase in…
Digitalization is a core component of the green transition. Today's focus is on quantifying and pre-dicting the climate effects of digitalization through various life-cycle assessments and baseline sce-nario methodologies. Here we argue…
Transport generates a large and growing component of global greenhouse gas emissions contributing to climate change. Effective transport emissions reduction policies are needed in order to reach a climate target well below 2$^\circ$C.…
An increasing share of consumers care about the carbon footprint of their electricity. This paper analyzes a method to integrate consumer carbon preferences in the electricity market-clearing by introducing consumer-based carbon costs and a…
Recent U.S. Environmental Protection Agency (EPA) analyses have argued that greenhouse gas emissions from U.S. on-road vehicles contribute negligibly to global mean sea-level rise (GMSLR). Here, I replicate and extend the EPA's modeling…
Climate change has become one of the biggest global problems increasingly compromising the Earth's habitability. Recent developments such as the extraordinary heat waves in California & Canada, and the devastating floods in Germany point to…
The most recent concern of all people on Earth is the increase in the concentration of greenhouse gas in the atmosphere. The concentration of these gases has risen rapidly over the last century and if the trend continues it can cause many…
In order to determine a suitable automobile insurance policy premium one needs to take into account three factors, the risk associated with the drivers and cars on the policy, the operational costs associated with management of the policy…
This article develops multiple novel climate risk measures (or variables) based on the television news coverage by Bloomberg, CNBC, and Fox Business, and examines how they affect the systematic and idiosyncratic risks of clean energy firms…
Recent analyses indicate that the amount of atmospheric CO2 required to cause dangerous climate change is at most 450 ppm, and likely less than that. Reductions of non-CO2 climate forcings can provide only moderate, albeit important,…
Rapidly expanding insect populations, deforestation, and global climate change threaten to destabilize key planetary carbon pools, especially the Earth's forests which link the micro-ecology of insect infestation to climate. To the extent…