Climate Economics

The climate and our economy are intrinsically linked. Research shows that extreme weather events have a negative effect on economic growth for the several years following them, because of damage coursed to the economy’s stock of physical capital, the impact on the work force, and damage to supply chains.

Moreover, firms that supply goods and services to support net-zero transition – such as those supplying alternative energy sources or heat insulation – have continued to experience financial gain, illustrating how different areas of the economy will be affected differently by climate policy.

As climate change continues to create uncertainty, climate economists are key to forecasting how our economy may react to it.