In a short video, Prof. Francesco Bosello explains the motivation of the paper "Catastrophic Risk, Precautionary Abatement, and Adaptation Transfers", which contributes to the normative literature on mitigation and adaptation by framing the question of their optimal policy balance in the context of catastrophic climate risk.
The assessment of potential economic damage caused by floods is commonly done via methodologies based on Stage-Damage Curves (SDC), which provide a relation between the depth of water and the economic damage on a specific land use. Here a refined SDC model is tested against empirical data from a flood event in Northern Italy.
Italy is prone to natural hazards and disaster risk due to its natural conformation. Limited risk prevention and uncontrolled urban expansion contribute to amplifying such risks. Recent FEEM & CMCC research has empirically tested for the first time in Italy, the potential impacts of climate change on the regional economy.
Given that climate change is and will continue to impact regions in different ways, migration from the areas most exposed to climate change needs to be considered. Fostering a better understanding of climate-related migration will also be a fundamental step in securing the future stability of our planet and action on poverty reduction.
From March 14 to 18, representatives of 187 state governments and around 6,500 delegates from inter- and non-government organizations, UN entities, academic and private sector institutions gathered to debate a new international agreement on disaster risk reduction, one that would replace the Hyogo Framework for Action (HFA) 2005-2015.
Re3 publishes the interviews with the winners of the FEEM 2014 Award, which periodically rewards new ideas and innovative research in economics by young scholars. The interviews span a wide variety of topics, from the case of Fukushima to labour market reforms and whether financial incentives affect fertility.
Estimates of future damages from climate change in coastal areas are of growing interest for climate change research and policy-making. The article describes a newly-developed methodology applied to estimate total insured coastal damages with climate change for the period 2025-2085 in New York State, USA.
Under scenarios of increasing urban expansion, environmental degradation and hazard exposure, the vulnerability of urban populations needs to be tackled through novel, integrated solutions. The article suggests that urban areas would benefit from a shift in perspective recognizing the connections between urban areas and watersheds.
The article describes a method for projecting coastal zone flood damage with climate change. The method links current flood damage estimates from climate impacts with changes in parameters from climate scenarios to produce estimates of future damages from climate change.
Every year natural disasters affect the lives of people in both rich and poor countries. This article investigates the link between development, economic growth, and the economic losses from natural hazards, underlining the need for crisis management and post-disaster support schemes, especially at an international level, to increase resilience.
IEW N. 2013.01
Water and Sewerage Industries
European Monetary Union
EU Energy Policy
Foreign Direct Investment