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Can a global climate risk pool help the most vulnerable countries?

Dirk Schoenmaker () and Georg Zachmann ()

Policy Briefs from Bruegel

Abstract: The issue Global warming leads to more and more-intense disasters, such as storms, flooding and droughts. The low and middle-income countries around the equator are especially vulnerable to these extreme weather events which could damage a large part of their production capacity. The temporary loss of tax revenues and increase in expenditures to reconstruct factories and infra-structure might put vulnerable countries into a downward fiscal and macro- economic spiral. While...

Date: 2015-12
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