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We have witnessed and experienced increasing compound extreme events resulting from simultaneous or sequential occurrence of multiple events in a changing climate. In addition to a growing demand for a clearer explanation of compound risks…
Flooding is a destructive and dangerous hazard and climate change appears to be increasing the frequency of catastrophic flooding events around the world. Physics-based flood models are costly to calibrate and are rarely generalizable…
Climate change is an impending disaster which is of pressing concern more and more every year. Countless efforts have been made to study the long-term effects of climate change on agriculture, land resources, and biodiversity. Studies…
In this article, we assess the benefits of coordination and partnerships between governments and private insurers, and provide further evidence for microinsurance products as powerful and cost-effective tools for achieving poverty…
The intensification and increased frequency of weather extremes is emerging as one of the most important aspects of climate change. We use Monte Carlo simulation to understand and predict the consequences of variations in trends (i.e.,…
Flooding is one of the most disastrous natural hazards, responsible for substantial economic losses. A predictive model for flood-induced financial damages is useful for many applications such as climate change adaptation planning and…
Climate change, which is largely linked to human activities, is already having a considerable impact on our societies. Based on current trends, climate change is expected to accelerate in the coming decades. Beyond its impact on the pace of…
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I…
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…
Climate change is increasing the frequency and severity of natural disasters worldwide. Media coverage of these events may be vital to generate empathy and mobilize global populations to address the common threat posed by climate change.…
Flood-related risks to people and property are expected to increase in the future due to environmental and demographic changes. It is important to quantify and effectively communicate flood hazards and exposure to inform the design and…
Despite major advances in climate science over the last 30 years, persistent uncertainties in projections of future climate change remain. Climate projections are produced with increasingly complex models which attempt to represent key…
This study estimates the risk contributions of individual European countries regarding the indemnity payments in agricultural insurance. We model the total risk exposure as an insurance portfolio where each country is unique in terms of its…
Windstorms are a primary natural hazard affecting Europe that are commonly linked to substantial property and infrastructural damage and are responsible for the largest spatially aggregated financial losses. Such extreme winds are typically…
Electricity is difficult to store, except at prohibitive cost, and therefore the balance between generation and load must be maintained at all times. Electricity is traditionally managed by anticipating demand and intermittent production…
Climate change-associated disasters have become a significant concern, principally when affecting urban areas. Assessing these regions' resilience to strengthen their disaster management is crucial, especially in the areas vulnerable to…
Europe was hit by several, disastrous heat and drought events in recent summers. Besides thermodynamic influences, such hot and dry extremes are driven by certain atmospheric situations including anticyclonic conditions. Effects of climate…
With the increasing frequency of major natural disasters, understanding their political consequences is of paramount importance for democratic accountability. The existing literature is deeply divided, with some studies finding that voters…
Agricultural price volatility, driven by market dynamics and meteorological factors such as temperature and precipitation, poses challenges for sustainable finance, planning, and policy. This study analyzes the impact of climate on crop…
With climate change accelerating, the frequency of climate disasters is expected to increase in the decades to come. There is ongoing debate as to how different climatic regions will be affected by such an acceleration. In this paper, we…