Even climate change is not fair: the impact of climate change on economic outcomes
Purpose – From generation to generation, the poor and less developed have always borne the negative consequences of the extravagant lifestyles of the rich. The climate seems to perpetuate this injustice by punishing the good people with the consequences of the irresponsible acts of the wealthy. Ther...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2024-12-01
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| Series: | International Journal of Climate Change Strategies and Management |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/IJCCSM-01-2024-0008/full/pdf |
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| _version_ | 1832542452348616704 |
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| author | Vincent Tawiah Noha Alessa |
| author_facet | Vincent Tawiah Noha Alessa |
| author_sort | Vincent Tawiah |
| collection | DOAJ |
| description | Purpose – From generation to generation, the poor and less developed have always borne the negative consequences of the extravagant lifestyles of the rich. The climate seems to perpetuate this injustice by punishing the good people with the consequences of the irresponsible acts of the wealthy. Therefore, this paper aims to establish the relationship between climate risk and carbon emissions. Then, this paper investigates the economic consequences of climate risk in both developed and developing countries. Design/methodology/approach – This paper uses robust econometrics, including fixed effect and the two-step system generalised method of moments, on a large sample of 175 countries from 2008 to 2019. Findings – Unsurprisingly, this paper found that climate risks are negatively associated with carbon emissions, indicating that countries with lower emissions are more exposed to frequent and severe climate-related disasters than those with higher emissions. Additionally, this paper discovered that climate risk has a negative impact on economic development, which is more pronounced in developing countries. The results are robust to alternative measurement and econometric modelling, including the system-generalized method of moments. Originality/value – These findings suggest that developing countries, the least contributors to climate change, unfairly suffer from the environmentally irresponsible actions of high-emitting developed countries. |
| format | Article |
| id | doaj-art-7d0f69b17f8542bb96c3895325e3b2bf |
| institution | Kabale University |
| issn | 1756-8692 1756-8706 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | International Journal of Climate Change Strategies and Management |
| spelling | doaj-art-7d0f69b17f8542bb96c3895325e3b2bf2025-02-04T04:57:17ZengEmerald PublishingInternational Journal of Climate Change Strategies and Management1756-86921756-87062024-12-01171466710.1108/IJCCSM-01-2024-0008Even climate change is not fair: the impact of climate change on economic outcomesVincent Tawiah0Noha Alessa1Dublin City University, Dublin, IrelandPrincess Nora bint Abdul Rahman University, Riyadh, Saudi ArabiaPurpose – From generation to generation, the poor and less developed have always borne the negative consequences of the extravagant lifestyles of the rich. The climate seems to perpetuate this injustice by punishing the good people with the consequences of the irresponsible acts of the wealthy. Therefore, this paper aims to establish the relationship between climate risk and carbon emissions. Then, this paper investigates the economic consequences of climate risk in both developed and developing countries. Design/methodology/approach – This paper uses robust econometrics, including fixed effect and the two-step system generalised method of moments, on a large sample of 175 countries from 2008 to 2019. Findings – Unsurprisingly, this paper found that climate risks are negatively associated with carbon emissions, indicating that countries with lower emissions are more exposed to frequent and severe climate-related disasters than those with higher emissions. Additionally, this paper discovered that climate risk has a negative impact on economic development, which is more pronounced in developing countries. The results are robust to alternative measurement and econometric modelling, including the system-generalized method of moments. Originality/value – These findings suggest that developing countries, the least contributors to climate change, unfairly suffer from the environmentally irresponsible actions of high-emitting developed countries.https://www.emerald.com/insight/content/doi/10.1108/IJCCSM-01-2024-0008/full/pdfClimate changeClimate riskClimate disasterCarbon emissionDeveloped and developing countriesIntrusion detection |
| spellingShingle | Vincent Tawiah Noha Alessa Even climate change is not fair: the impact of climate change on economic outcomes International Journal of Climate Change Strategies and Management Climate change Climate risk Climate disaster Carbon emission Developed and developing countries Intrusion detection |
| title | Even climate change is not fair: the impact of climate change on economic outcomes |
| title_full | Even climate change is not fair: the impact of climate change on economic outcomes |
| title_fullStr | Even climate change is not fair: the impact of climate change on economic outcomes |
| title_full_unstemmed | Even climate change is not fair: the impact of climate change on economic outcomes |
| title_short | Even climate change is not fair: the impact of climate change on economic outcomes |
| title_sort | even climate change is not fair the impact of climate change on economic outcomes |
| topic | Climate change Climate risk Climate disaster Carbon emission Developed and developing countries Intrusion detection |
| url | https://www.emerald.com/insight/content/doi/10.1108/IJCCSM-01-2024-0008/full/pdf |
| work_keys_str_mv | AT vincenttawiah evenclimatechangeisnotfairtheimpactofclimatechangeoneconomicoutcomes AT nohaalessa evenclimatechangeisnotfairtheimpactofclimatechangeoneconomicoutcomes |