The costs of climate change
Join Professor Ilan Noy and Belinda Storey as they discuss how extreme events show that existing economic models underestimate the costs of climate change.
Te Herenga Waka—Victoria University of Wellington researchers are using 'bottom-up' analysis of extreme events to estimate the current and future costs of climate change. These methods contrast sharply with the 'top-down' approach of estimating the social cost of carbon using integrated assessment models.
Join Professor Ilan Noy (Chair in the Economics of Disasters and Climate Change, School of Economics and Finance), and Belinda Storey (Managing Director, Climate Sigma) as they discuss how the latest understanding of extreme events in challenging existing estimates of the economic impacts of climate change including an Aotearoa case study on insurance retreat.