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

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

Abstract:

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 this talk I will present recent advances and on-going work in this area, the result of combining high resolution climate and economic data with mathematical re-formulations 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. I will discuss these advances, and their implications for the scale and distribution of macroeconomic damages under future climate change.

Speaker’s short bio:

Maximilian Kotz is a doctoral researcher at the Potsdam Institute for Climate Impact Research (PIK), working in Research Department IV Complexity Science. His work addresses the costs of climate change from both a physical and economic perspective. His research has been published in peer-reviewed journals including Nature, Proceedings of the National Academy of Sciences and Nature Climate Change. Prior to joining PIK, he obtained his undergraduate and masters’ degree in physics from the University of Cambridge and completed research stays in the department of Environmental Science and Engineering at Caltech and the School of Biological Sciences at the University of Reading.

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HOW TO PARTICIPATE

CMCC@Ca’Foscari Seminar – in presence and online
AULA RADICE, Ca’ Foscari Challenge School, VEGA Park, Ground floor
Please note that on-site presence is strongly recommended to allow interactions during the Seminars.
However, we have a limited number of seats available, so please, let us know if you are attending in presence by quickly filling in the registration forms linked below at your earliest convenience. Thank you.

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ORGANIZED BY:

CMCC@Ca’Foscari