Have Extreme Events Awakened Us?

Faraz Farhidi, Kaveh Madani and Rohan Crichton
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Faraz Farhidi: NV Energy, Las Vegas, NV 89146, USA
Kaveh Madani: Institute for Integrated Management of Material Fluxes and of Resources, United Nations University (UNUFLORES), 01067 Dresden, Germany
Rohan Crichton: David D. Reh School of Business, Clarkson University, Potsdam, NY 13699, USA

Sustainability, 2022, vol. 14, issue 12, 1-9

Abstract: We may translate anthropogenic climate change as a reaction of our planet to our unsustainable economic activities. This research explores whether environmental policies have been impacted by extreme climatic events like droughts, floods, storms, tornados, and wildfires. We use yearly panel data from 1990 to 2017 for the OECD (Organization for Economic Cooperation and Development) countries to examine such a relationship. To have an impartial analysis, we control major variables influencing environmental policies such as energy consumption, gross domestic product (GDP), population, technology, head of the state’s political affiliation, carbon emission, and waste generation. The analysis results suggest that policymakers make more stringent environmental decisions as the death rate increases and environmental threats become more imminent putting human life is at risk; this correlation is stronger in the case of European Countries.

Keywords: extreme events; environmental policy; OCED; public health; panel data analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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