English
 
Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
 
 
DownloadE-Mail
 Local TagsRelease HistoryDetailsSummary
  Stressed economies respond more strongly to climate extremes

Middelanis, R., Willner, S., Kuhla, K., Quante, L., Otto, C., Levermann, A. (2023): Stressed economies respond more strongly to climate extremes. - Environmental Research Letters, 18, 9, 094034.
https://doi.org/10.1088/1748-9326/acec5e

Item is

 

show all hide all

Basic

show hide
Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_28865 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_28865_1
Genre: Journal Article

Files

show Files
hide Files
:
28865oa.pdf (Publisher version), 14MB
View   Save
File Permalink:
https://publications.pik-potsdam.de/pubman/item/item_28865_1/component/file_28925/28865oa.pdf
Name:
28865oa.pdf
Description:
-
Visibility:
Public
MIME-Type / Checksum:
application/pdf / [MD5]
Technical Metadata:
View
Copyright Date:
-
Copyright Info:
-
License:
http://creativecommons.org/licenses/by/4.0/

Locators

show

Creators

show
hide
 Creators:
Middelanis, Robin1, Author              
Willner, Sven1, Author              
Kuhla, Kilian1, Author              
Quante, Lennart1, Author              
Otto, Christian1, Author              
Levermann, Anders1, Author              
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              

Content

show
hide
Free keywords: -
 Abstract: Economies experience stress for various reasons such as the global Covid-19 pandemic beginning in 2020. The associated lock-downs caused local economic losses and the disruption of international supply chains. In addition, such stress alters the effects of short-term shocks as caused by climate extremes, especially their propagation through the economic network and the resulting repercussions. Here we show that adverse indirect impacts of tropical cyclones, river floods, and heat stress on global consumption are strongly enhanced when the economy is under stress. This compound effect results from aggravated scarcity causing higher consumer prices. Modeling climate impacts during Covid-19, we find that in a stressed economy with the current network structure, consumption losses due to climate extremes double in the USA and triple in China. The simulated effects intensify when climate shocks grow stronger. Our results emphasize the amplifying role of the interaction between climate change and its socioeconomic backdrop.

Details

show
hide
Language(s): eng - English
 Dates: 2023-08-302023-08-30
 Publication Status: Finally published
 Pages: 10
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1088/1748-9326/acec5e
Organisational keyword: RD4 - Complexity Science
PIKDOMAIN: RD4 - Complexity Science
Working Group: Numerical analysis of global economic impacts
Research topic keyword: Extremes
Research topic keyword: Economics
Research topic keyword: Nonlinear Dynamics
Research topic keyword: Climate impacts
Regional keyword: Global
Model / method: Acclimate
Model / method: Agent-based Models
Model / method: Quantitative Methods
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
Working Group: Event-based modeling of economic impacts of climate change
MDB-ID: yes - 3475
OATYPE: Gold Open Access
 Degree: -

Event

show

Legal Case

show

Project information

show hide
Project name : RECEIPT
Grant ID : 820712
Funding program : Horizon 2020 (Horizon 2020 (H2020-LC-CLA-2018-2) )
Funding organization : European Commission (EC)
Project name : QUIDIC
Grant ID : 01LP1907A
Funding program : Ökonomie des Klimawandels
Funding organization : BMBF
Project name : CLIC: Ökonomie des Klimawandels – Verbundprojekt: Klima-Wirkungsketten in einer globalisierten Welt: eine Herausforderung für Deutschland
Grant ID : 01LA1817C
Funding program : Ökonomie des Klimawandels
Funding organization : BMBF
Project name : Impact of intensified weather extremes on Europe's economy (ImpactEE)
Grant ID : 93350
Funding program : Europe and Global Challenges
Funding organization : VolkswagenStiftung
Project name : Facilitating a Just Transition into a Stable Climate by reducing inequality from climate damages
Grant ID : 81290341
Funding program : -
Funding organization : GIZ on behalf of the German Government
Project name : -
Grant ID : -
Funding program : -
Funding organization : European Regional Development Fund (ERDF)
Project name : -
Grant ID : -
Funding program : -
Funding organization : German Federal Ministry of Education and Research
Project name : -
Grant ID : -
Funding program : -
Funding organization : Land Brandenburg

Source 1

show
hide
Title: Environmental Research Letters
Source Genre: Journal, SCI, Scopus, p3, oa
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 18 (9) Sequence Number: 094034 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/150326
Publisher: IOP Publishing