Decrypting the triad of climate policies, macroeconomic interdependencies and quantitative modelling: A literature review on quantifying climate risks

Vogl, Markus and Kojić, Milena and Schlüter, Stephan (2025) Decrypting the triad of climate policies, macroeconomic interdependencies and quantitative modelling: A literature review on quantifying climate risks. Regional science policy & practice. ISSN 1757-7802

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Abstract

This structured keyword-based meta-analysis reviews the estimation of climate risk factors and their economic impact in the recent literature between 2009 and 2025. Via examining existing research we are able to extract core statements, critical success and risk factors, considered data sets, implemented quantitative methods, and core empirical results. This allows us to identify current state-of-the-art topics and methodologies. Furthermore, we identify three major interrelated pillars, namely, policy-level considerations, macroeconomic effect chains paired with market-level dynamics, and quantitative modelling methodologies. According to the analysed research articles, a comprehensive understanding of at least two of these pillars is essential for effectively identifying, controlling, and modelling climate risk. This, in turn, helps to develop political strategies for mitigating climate change, which is displayed as a comprehensive triad model that can serve as a didactical basis for policy-decision making.

Item Type: Article
Additional Information: COBISS.ID=172650761
Uncontrolled Keywords: quantitative modelling of climate risks, climate policy uncertainty, climate change, climate-related financial risk quantification, financial markets and macroeconomic effect chains
Research Department: Welfare Economics
Depositing User: Jelena Banovic
Date Deposited: 22 Jul 2025 07:48
Last Modified: 22 Jul 2025 07:48
URI: http://ebooks.ien.bg.ac.rs/id/eprint/2200

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