Macroeconomic climate damages. Resolving the locality of climate impacts in time and space

Econometric assessments of climate impacts are typically conducted at national and annual scales. However, climate impacts can occur locally in both time and space. This demands an analysis with higher temporal and spatial detail to resolve both complex societal impact channels and anthropogenically forced changes. These details are crucial to a comprehensive evaluation of the costs of climate change and consequently to cost-benefit analyses of climate policy.

In his talk, PIK researcher Maximilian Kotz will present recent advances and on-going work in this area, the result of combining high resolution climate and economic data with mathematical reformulations of climate impacts. These empirical assessments have identified aspects of the distribution of daily weather with detrimental macroeconomic effects, for example from daily temperature variability and extreme daily rainfall.

• Speaker: Maximilian Kotz, Research Department IV Complexity Science, Potsdam Institute for Climate Impact Research (PIK)
• Moderator: Enrica De Cian, CMCC@Ca’ Foscari, RFF-CMCC European Institute on Economics and the Environment (EIEE) and Venice Ca’ Foscari University

The seminar is organized by the Euro-Mediterranean Center on Climate Change (CMCC), an Italian research center dedicated to climate and climate-related research.

Link for registration: https://bit.ly/3LbnTzi