Back to Resource Hub
Research Briefing | Dec 1, 2022

Estimating the economic impact of temperature volatility

We revisit the economic impact of climate change by incorporating temperature volatility and extremes. Projected global damages are greater than previously estimated, underscoring the costs of climate inaction.

What you will learn:

  • Pioneering research (e.g., Burke, Hsiang, and Miguel 2015 (BHM), Kahn et al. 2020, Kalkuhl, and Wenz 2020) has employed panel econometric techniques to estimate the economic impact of average temperatures. This work is instrumental to our understanding of economic damages from climate change and informs the macroeconomic modelling of physical risks in our Global Climate Service.
Tags: Climate ChangeClimate Change ImpactClimate crisisClimate GoalsClimate InactionClimate policiesClimate ScenariosEconomic impactEconomyGlobal ClimateGlobal Climate ServiceGlobal DamagesGlobal economyGlobal warmingMacroeconomicsPanel Econometric TechniquesTemperatureTemperature VolatilityWorking Paper
Share: Email | LinkedIn | Twitter
Back to Resource Hub

Related Services

Country Climate Analysis

Country Climate Analysis

Assess the impact climate change will have on all facets of your business. Now and in the future.
Global Sustainability Model

Global Sustainability Model

Accurately measure your organisation's global footprint through economic, environmental and social lenses, identify risks and develop strategies to become more sustainable.
Global Risk Service

Global Risk Service

A suite of data-driven and forward-looking tools that provide an objective and transparent measure of risk.