Title

The effectiveness of climate change models in measuring financial risk

Document Type

Conference Proceeding

Publication Title

The proceedings of 3rd Business Doctoral and Emerging Scholars Conference

Publisher

Edith Cowan University - School of Business and Law

School

School of Business and Law / Markets and Services Research Centre (MASRC)

RAS ID

29796

Comments

Bannigidadmath, D., & Powell, R. J. (2018). The effectiveness of climate change models in measuring financial risk. In Proceedings of the 3rd ECU Business Doctoral and Emerging Scholars Conference (pp. 10-14). Perth, Australia: Edith Cowan University. https://www.ecu.edu.au/conferences/2018/3rd-business-doctoral-and-emerging-scholars-conference-2018/conference-proceedings

Abstract

The effectiveness of models which measure the financial and economic impacts of climate change is examined through a critical review of the literature. There is disparity found as to what constitutes the financial effects of climate change and also as to how climate change should be measured. Existing models are predominantly focused on specific financial impacts of climate change rather than the impacts on the economy as a whole. The study makes recommendations for additional research which includes an economy-wide model that measures the impacts of climate change on a country’s entire economic and financial system.

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