Economic Risks of Climate Change Sources

Sheldon Whitehouse
4 min readApr 21, 2020
  • The green swan. Patrick Bolton, Morgan Despres, Luiz Awazu Pereira Da Silva, Frédéric Samama, Romain Svartzman, January 2020.

https://www.bis.org/publ/othp31.pdf

  • Breaking the tragedy of the horizon — climate change and financial stability. Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board, 29 September 2015.
  • Confronting the challenges of tomorrow’s world. Paul Fisher, Deputy Head of the Prudential Regulation Authority and Executive Director, Insurance Supervision. 3 March 2015.
  • A call for action: Climate Change As a Source of Financial Risk. NGFS, April 2018.

https://www.mainstreamingclimate.org/publication/ngfs-a-call-for-action-climate-change-as-a-source-of-financial-risk/

  • The geographical distribution of fossil fuels unused when limiting global warming to 2 °C. Christophe McGlade and Paul Ekins, January 2015.
  • Macroeconomic impact of stranded fossil-fuel assets. Multiple authors, June 2018.
  • A climate stress-test of the financial system. Stefano Battiston, Antoine Mandel, Irene Monasterolo, Franziska Schütze & Gabriele Visentin, 27 March 2017.
  • EXPERT REPORT OF JOSEPH E. STIGLITZ, PH.D. Kelsey Cascadia Rose Juliana; Xiuhtezcatl Tonatiuh M., through his Guardian Tamara Roske-Martinez; et al., Plaintiffs, v. The United States of America; Donald Trump, in his official capacity as President of the United States; et al., Defendants. June 2018.
  • Life’s a Beach. Freddie Mac, 26 April 2016.
  • Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate. Union of Concerned Scientists, June 2018.
  • Coastal Mortgage Value Collapse. Risk & Insurance, 7 April 2017.
  • As the seas have been rising, home values have been sinking. First Street Foundation, 25 July 2018.
  • Sea Level Rise Sinks Mississippi Home Values by More Than $263 Million. First Street Foundation, 3 December 2018.
  • Rising Seas Swallow $403 Million in New England Home Values. First Street Foundation, 22 January 2019.
  • Sea Level Rise Sinks Alabama Home Values by More Than $157 Million. First Street Foundation, 3 December 2018.
  • Climate change is forecast to heighten US exposure to economic loss placing short and long-term credit pressure on US states and local governments. Moody’s, 28 November 2017.
  • Why It May Make Economic Sense To Tackle Global Warming. S&P Global Market Intelligence, 5 December 2018.
  • Getting physical: assessing climate risks. BlackRock Investment Institute, April 2019.
  • The Effects of Climate Change on GDP by Country and the Global Economic Gains From Complying With the Paris Climate Accord. Earth’s Future Volume 6 Issue 8, 13 July 2018.

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