Feeling the heat: Financial crises and their impact on global climate change

Vincentas Giedraitis, Sarunas Girdenas and Adomas Rovas

Perspectives of Innovations, Economics and Business (PIEB), 2010, vol. 04, issue 01, 4

Abstract: This interdisciplinary paper uses world-systems analysis as a theoretical framework to argue that both the 1870s, 1930’s economic depressions reduced mean global temperatures. As global consumer demand fell, factories worldwide began producing less commodities and, as a result, emitted less greenhouse gasses. We find that in both instances there is evidence to support the hypothesis that financial crises lead to cooler temperatures.

Keywords: Environmental Economics and Policy; Financial Economics (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: FEELING THE HEAT: FINANCIAL CRISES AND THEIR IMPACT ON GLOBAL CLIMATE CHANGE (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:94609

DOI: 10.22004/ag.econ.94609

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