气候变化领域集成服务门户(CCPortal): Financial stability in response to climate change in a northern temperate economy

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DOI	10.1038/s41467-021-27490-3
	Financial stability in response to climate change in a northern temperate economy
	Stan K.; Watt G.A.; Sanchez-Azofeifa A.
发表日期	2021
ISSN	2041-1723
卷号	12 期号:1
英文摘要	Climate change will have considerable impact on the global economy. Estimates of the economic damages due to climate change have focused on the effect of average temperature, but not the effect of other important climate variables. Related research has not explored the sub-annual economic cycles which may be impacted by climate volatility. To address these deficits, we propose a flexible, non-linear framework which includes a wide range of climate variables to estimate changes in GDP and project sub-annual economic cycle adjustments (period, amplitude, trough depth). We find that the inclusion of a more robust set of climate variables improves model performance by over 20%. Importantly, the improved model predicts an increase in GDP rather than a decrease when only temperature is considered. We also find that climate influences the sub-annual economics of all but one province in Canada. Highest stressed were the Prairie and Atlantic regions. Least stressed was the Southeastern region. Our study advances understanding of the nuances in the relationship between climate change and economic output in Canada. It also provides a method that can be applied to related economies globally to target adaptation and resilience management. © 2021, The Author(s).
语种	英语
scopus关键词	adaptation; climate change; economic cycle; financial crisis; Gross Domestic Product; inclusion; resilience; Atlantic Ocean; Canada
来源期刊	Nature Communications
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/251289
作者单位	University of Alberta, Earth and Atmospheric Sciences Department, Centre for Earth Observation Sciences (CEOS), Edmonton, AB T6G 2E3, Canada; Royal Bank of Canada, Innovation & Technology, Climate Solutions, Toronto, ON M5J 0B8, Canada
推荐引用方式 GB/T 7714	Stan K.,Watt G.A.,Sanchez-Azofeifa A.. Financial stability in response to climate change in a northern temperate economy[J],2021,12(1).
APA	Stan K.,Watt G.A.,&Sanchez-Azofeifa A..(2021).Financial stability in response to climate change in a northern temperate economy.Nature Communications,12(1).
MLA	Stan K.,et al."Financial stability in response to climate change in a northern temperate economy".Nature Communications 12.1(2021).