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Climate Risk Measures - A Review

Author

Listed:
  • Afees Salisu
  • Tirimisiyu Oloko

    (Department of Economics, University of Pretoria, South Africa)

Abstract

The increasing concern about the far-reaching effects of climate change-related risk on sustainability has engendered the need to develop alternative indices to measure it. In this study, we review the existing measures of climate risk and offer useful areas for future research. We hope to revisit this exercise as new developments unfold and more robust measures become available.

Suggested Citation

  • Afees Salisu & Tirimisiyu Oloko, 2023. "Climate Risk Measures - A Review," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 4(1), pages 1-4.
    • Handle: RePEc:ayb:jrnael:81
    DOI: 2023/03/09
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    References listed on IDEAS

    as
    1. Mohammad Nazrul Islam & Clark M. Wheatley, 2021. "Impact of Climate Risk on Firms’ Use of Trade Credit: International Evidence," The International Trade Journal, Taylor & Francis Journals, vol. 35(1), pages 40-59, January.
    2. Sheng, Xin & Gupta, Rangan & Cepni, Oguzhan, 2022. "Persistence of state-level uncertainty of the United States: The role of climate risks," Economics Letters, Elsevier, vol. 215(C).
    3. Sheng, Xin & Gupta, Rangan & Çepni, Oğuzhan, 2022. "The effects of climate risks on economic activity in a panel of US states: The role of uncertainty," Economics Letters, Elsevier, vol. 213(C).
    4. Ye, Liping, 2022. "The effect of climate news risk on uncertainties," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Salisu, Sulaiman & Salisu, Afees, 2023. "An Index for Climate-Induced Migration Uncertainty," MPRA Paper 119524, University Library of Munich, Germany.

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    More about this item

    Keywords

    Climate change; Climate risk; Climate risk measures; Sustainability;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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