Descripción

The accelerating degradation of climate and natural ecosystems presents profound challenges for ensuring macroeconomic and financial stability. This volume explores the complex and systemic risks posed by climate change and lost ecosystem services through the lens of cutting-edge economic research. Drawing on contributions from leading scholars, the collected papers underscore the importance of adopting an integrated, multidisciplinary approach to address the risks posed by climate change and the degradation of ecosystem services. They collectively highlight that fostering technological innovation, incorporating the value of natural capital into macroeconomic decision-making, embedding ecological and climate-related risks into financial oversight, and advancing coordinated policy frameworks are all critical for building resilient and sustainable economic systems. As environmental pressures continue to build up, the implications of climate change and ecosystem services degradation intensify. The insights and strategies presented here offer a coherent roadmap for researchers, policymakers, and financial institutions seeking to preserve macroeconomic and financial stability in the face of escalating nature-related crises.

Editors

Maximilian Auffhammer
Elías Albagli
Sofía Bauducco
Gonzalo García-Trujillo

Endorsements

Research at the intersection of macroeconomics, environmental economics, and the economics of climate change has been evolving rapidly in recent years and will continue to play a key role in policymaking. This volume brings together cutting edge work employing diverse methodologies and is essential reading for anyone looking to stay at the forefront of this dynamic and expanding field.
Tony Smith
William K. Lanman, Jr.
Professor of Economics

With this volume, you’ll have the pleasure of learning from the best on a wide range of topics. The chapters survey new and exciting research ideas on the energy transition, green growth, migration, the social cost of carbon, and how economic models can account for ecosystems, biodiversity, natural capital, and much more.
Bard Harstad
The David S. Lobel Professor in Business and Sustainability and Professor of Political Economy

This volume features articles by leading researchers from a variety of areas that are important for a comprehensive analysis of the macroeconomic implications of climate change and ecosystem degradation. By facilitating the exchange of ideas and viewpoints among researchers studying different facets of the problem, the conference has resulted in particularly insightful chapters. This volume will be an important resource for future research on climate change.
Valerie A. Ramey,
Thomas Sowell Senior Fellow, Hoover Institution, Stanford University