Online Appendix to: Physical Climate Change and the Sovereign Risk of Emerging Economies

2021 ◽  
Author(s):  
Hannes Boehm
Keyword(s):  
Climate Change ◽  
Emerging Economies ◽  
Sovereign Risk ◽  
Online Appendix

scholarly journals Physical Climate Change And The Sovereign Risk of Emerging Economies

2021 ◽  
Author(s):  
Hannes Boehm
Keyword(s):  
Climate Change ◽  
Emerging Markets ◽  
Emerging Economies ◽  
Temperature Data ◽  
Sovereign Risk ◽  
Temperature Deviation ◽  
Temperature Anomalies ◽  
Sovereign Bond ◽  
Higher Temperature

Abstract I show that rising temperatures can detrimentally affect the sovereign creditworthiness of emerging economies. To this end, I collect long-term monthly temperature data of 54 emerging markets. I calculate a country’s temperature deviation from its historical average, which approximates present-day climate change trends. Running regressions from 1994m1-2018m12, I find that higher temperature anomalies lower sovereign bond performances (i.e. increase sovereign risk) significantly for countries that are warmer on average and have lower seasonality. The estimated magnitudes suggest that affected countries likely face significant increases in their sovereign borrowing costs if temperatures continue to rise due to climate change. However, results indicate that stronger institutions can make a country more resilient towards temperature shocks, which holds independent of a country’s climate.

scholarly journals A room with a view: a special issue with a special perspective

2021 ◽  
Vol 26 (3) ◽  
pp. 205-210
Author(s):  
Simone Borghesi
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Present Article ◽  
Emerging Economies ◽  
Emissions Trading ◽  
Developed Countries ◽  
Special Issue ◽  
Climate Policies

AbstractThe present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the role of emissions trading and its interactions with companion policies. While looking at different issues and from different angles, all papers share a similar attention to policy aspects and implications, especially in developing countries. This is particularly important to evaluate whether and to what extent the climate policies adopted thus far in developed countries can be replicated in emerging economies.

scholarly journals Vietnam

2019 ◽  
Vol 19 (235) ◽  
pp. 1
Author(s):  
Keyword(s):  
Climate Change ◽  
Private Sector ◽  
Emerging Economies ◽  
Policy Uncertainty ◽  
Real Economy ◽  
Bank Capital ◽  
The Public ◽  
Reform Implementation ◽  
Domestic Reform ◽  
Trade Policy Uncertainty

Rising trade tensions and volatility in emerging economies were felt in Vietnam in 2018. Nevertheless, the real economy remains resilient, the private sector-led expansion is broad-based, and inflation remains muted. The public finances are being consolidated, bank capital rules strengthened, and capital markets are deepening. Risks are related to geopolitics, trade policy uncertainty and domestic reform implementation. Longer term risks relate to aging, climate change and digitalization.

Cooperation for Climate Mitigation in Amazonia: Brazil’s Emerging Role as a Regional Leader

2016 ◽  
Vol 5 (2) ◽  
pp. 401-425 ◽  
Author(s):  
Maria Antonia Tigre
Keyword(s):  
Climate Change ◽  
Emerging Economies ◽  
Global Climate ◽  
Climate Mitigation ◽  
Climate Change Negotiations ◽  
Common But Differentiated Responsibilities ◽  
Nationally Determined Contributions ◽  
Self Differentiation

AbstractSince their inception, climate change negotiations have stalled because of the scope of parties’ mitigation responsibilities under the United Nations Framework Convention on Climate Change (UNFCCC). The concept of common but differentiated responsibilities and respective capabilities (CBDR-RC) became a core principle of the framework to ensure consensus on a global climate policy in 1992 and to promote differentiation. By letting each country assess its current responsibilities and capacities for climate mitigation through their nationally determined contributions (NDCs), the Paris Agreement has built on the principle of CBDR-RC and promoted self-differentiation. As the concept evolved, the role of emerging economies has been a particular focus of discussions. Academia is still grappling with the revised meaning of CBDR-RC and the newly introduced NDCs. This article contributes to the discussion by analyzing the role of emerging economies in climate governance through the lens of regional responsibility. In particular, it discusses how cooperation can be a more effective way to ensure differentiation, especially by distinguishing emerging economies from other developing countries with fewer capacities. The article uses the Amazon rainforest as a case study, discussing Brazil’s role within the region. Building on lessons from regional schemes that have successfully promoted climate mitigation, the article looks at the Amazon Cooperation Treaty Organization (ACTO) as an avenue for enhanced cooperation at the regional level.

scholarly journals Local climate change cultures: climate-relevant discursive practices in three emerging economies

2019 ◽  
Vol 163 (1) ◽  
pp. 63-82 ◽  
Author(s):  
Nick Nash ◽  
Lorraine Whitmarsh ◽  
Stuart Capstick ◽  
Valdiney Gouveia ◽  
Rafaella de Carvalho Rodrigues Araújo ◽  
...  
Keyword(s):  
Climate Change ◽  
Emerging Economies ◽  
Local Level ◽  
Ghg Emissions ◽  
Environmental Problems ◽  
Cultural Knowledge ◽  
Structured Interviews ◽  
Local Climate ◽  
Wide Range ◽  
Local Climate Change

AbstractIn recent decades, greater acknowledgement has been given to climate change as a cultural phenomenon. This paper takes a cultural lens to the topic of climate change, in which climate-relevant understandings are grounded in wider cultural, political and material contexts. We approach climate-relevant accounts at the level of the everyday, understood as a theoretically problematic and politically contested space This is in contrast to simply being the backdrop to mundane, repetitive actions contributing to environmental degradation and the site of mitigative actions. Taking discourse as a form of practice in which fragments of cultural knowledge are drawn on to construct our environmental problems, we investigate citizens’ accounts of climate-relevant issues in three culturally diverse emerging economies: Brazil, South Africa and China. These settings are important because greenhouse gas (GHG) emissions are predicted to significantly increase in these countries in the future. We conducted semi-structured interviews with a range of citizens in each country using a narrative approach to contextualise climate-relevant issues as part of people’s lifestyle narratives. Participants overwhelmingly framed their accounts in the context of locally-salient issues, and few accounts explicitly referred to the phenomenon of climate change. Instead, elements of climate changes were conflated with other environmental issues and related to a wide range of cultural assumptions that influenced understandings and implied particular ways of responding to environmental problems. We conclude that climate change scholars should address locally relevant understandings and develop dialogues that can wider meanings that construct climate-relevant issues in vernacular ways at the local level.

Climate change mitigation and adaptation in developing and transition countries: introduction to the special issue

2015 ◽  
Vol 20 (4) ◽  
pp. 425-433 ◽  
Author(s):  
Johanna Choumert ◽  
Pascale Combes Motel ◽  
Katrin Millock
Keyword(s):  
Climate Change ◽  
Emerging Economies ◽  
Computable General Equilibrium ◽  
Climate Change Mitigation ◽  
Transition Countries ◽  
Special Issue ◽  
Strategic Issues ◽  
Mitigation And Adaptation ◽  
Vulnerable Households ◽  
Change Mitigation

AbstractWhile mitigation efforts in developed and emerging economies are necessary in order to meet ambitious climate targets, the international community strives to explore strategies to help the most vulnerable populations to cope with the short-term and long-term impacts of climate change. In the perspective of the 21st COP of the UNFCCC (Paris, December 2015), this Special Issue on ‘Climate change mitigation and adaptation in developing and transition countries’ addresses two complementary topical issues. On the one hand, migration – international and internal – and remittances are analyzed as adaptation strategies for vulnerable households and individuals. On the other hand, climate policies in emerging economies are examined in light of their distributional impacts for households and of the strategic issues they may raise. This special issue introduces five papers with a diversity of approaches, e.g., game theory, econometric modeling and computable general equilibrium (CGE) modeling.

scholarly journals COP 15 and Pacific Island states: A collective voice on climate change

2010 ◽  
Vol 16 (1) ◽  
pp. 192-203 ◽  
Author(s):  
Yasmine Ryan
Keyword(s):  
Climate Change ◽  
Papua New Guinea ◽  
Emerging Economies ◽  
Indigenous Rights ◽  
Developed Countries ◽  
Leadership Role ◽  
Pacific Island ◽  
Island States ◽  
The Pacific ◽  
Pacific Island States

Commentary: Pacific Island states battled to have their perspectives taken into account at the United Nations Climate Change Conference in Copenhagen in December 2009. Though widely accepted as being among the first victims of climate change, most developed countries, along with some emerging economies, put their own geopolitical interests ahead of what Pacific leaders argued was their right to survival as viable nations and cultures. The Pacific Island states negotiated collectively for shared goals, with Tuvalu often taking a leadership role. Australia and New Zealand, meanwhile, pursued strategies at marked odds with their smaller neighbours. Papua New Guinea broke ranks with other island nations, concentrating overwhelmingly on forestry negotiations to the exclusion of other common objectives. The PNG delegation also pushed to weaken the safeguarding of indigenous rights in the draft text on forestry. Much of the civil society present in Copenhagen, however, gave vocal support for the position taken by the Pacific Island states. This article is based largely on interviews with delegates and commentators at COP 15 in December 2009.

Sign in / Sign up

Export Citation Format

Share Document