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Can a global climate risk pool help the most vulnerable countries?

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  • Dirk Schoenmaker
  • Georg Zachmann
Abstract
The issue Global warming leads to more and more-intense disasters, such as storms, flooding and droughts. The low and middle-income countries around the equator are especially vulnerable to these extreme weather events which could damage a large part of their production capacity. The temporary loss of tax revenues and increase in expenditures to reconstruct factories and infra-structure might put vulnerable countries into a downward fiscal and macro- economic spiral. While...

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  • Dirk Schoenmaker & Georg Zachmann, 2015. "Can a global climate risk pool help the most vulnerable countries?," Policy Briefs 11275, Bruegel.
    • Handle: RePEc:bre:polbrf:11275
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