Climate change economics?

My father keeps telling me, “Climate change will be the biggest challenge of your generation.”

Over email: “Have you read this article? Uninhabitable Earth seems like a book you should read.”

On a hike: “If you want to do something big, you should study the climate.”

Popping up in the background when I’m FaceTiming my mother: “Did you read that article I sent you?”

Okay, okay, padre. So I’m looking into it.

Some initial notes on one climate change-development paper:

Crick, Eskander, Fankhauser & Diop 2018

  • Small, medium, micro enterprises are especially vulnerable to climate change
  • Semi-arid lands have high exposure to climate stress
  • Africa will face particularly high temperature rises this century
  • Some of the challenges they will face:
    • less predictable seasonal rains
    • increased intensity when it does rain
    • reduction in crop quality & yields
    • decreased live-stock productivity
    • reduced availability of freshwater
  • Sustainable adaptation = maintaining business operations at existing levels
  • Unsustainable adaptation = contraction in business activity (e.g. distress sale of assets)
  • Financial barriers and insufficient market access are associated with business contraction (unsustainable adaptation)
  • Info, gov’t support, adaptation assistance increase prob. of sustainable adaptation
    • Room for policy to increase sustainable adaptation

 

It’s just one small peak into what’s being researched, just a taste of the questions out there, but I already have so many questions:

  1. What are the primary risks from climate change for developing countries? For others as well as specifically farmers?
  2. How aware / conscious are people about climate change and its impacts? How much does that factor into decision making?
  3. Why are women particularly vulnerable to climate change impacts?
  4. What ARE the climate change impacts that we expect to see in the next 10, 20, 50 years? What are we already seeing?
  5. What kinds of adaptations are sustainable vs. unsustainable?
  6. How can policy influence people’s ability to adapt?
  7. What is the ideal outcome / goal of sustainable adaptation? What’s the best possible outcome given the realities of climate change?
  8. Are businesses that adapt to climate change more or less profitable than those that do not? (Is climate change adaptation profitable?)
  9. What local or national practices are best for counteracting the negative impact?

Published by

Hannah Blackburn

Hannah Blackburn is a Research Associate at UCSD with JPAL's Payments and Governance Research Group, under Professors Paul Niehaus and Karthik Muralidharan.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s