Who pays when disaster strikes? Insurance and the macroeconomics of climate catastrophes
Margherita Giuzio (ECB) examines how insurance coverage shapes economic recovery in the aftermath of climate-related disasters..
Climate Migration: Who Moves and Who Gets Left Behind
Moumita Das (University of California Santa Cruz) shows that a one-degree increase in mean daily temperature is associated with higher rates of temporary out‑migration in India.
Green Mortgages
João F. Cocco (LBS, CEPR), Bernardo Mendes (LBS) and S. Lakshmi Naaraayanan (LBS, CEPR) examine the true drivers of green financing programs such as green mortgages. Are they real drivers of energy efficiency or marketing instruments?
Green Financial and Monetary Policy in the Low-Carbon Transition: Drivers and Impacts
Lukas Rischen (Humboldt University) examines how green fiscal and monetary policy instruments shape renewable energy investment and accelerate countries’ progress along their low-carbon transition pathways.
Temperature, Adaptation, and Local Industry Concentration
Jacopo Ponticelli (Nortwestern University), Qiping Xu (University of Illinois Urbana-Champaign) and Stefan Zeume (University of Illinois Urbana-Champaign, Gies College of Business) show that extreme temperatures between 1980s and 2010s jointly increased energy costs and decreased productivity of small manufacturing plants in the U.S.
Invisible Risk: How Temperature Extremes Shape Violence Against Women in Bolivia
Julieth Saenz-Molina (Fordham University) uses Bolivia’s stark geographic contrast between tropical lowlands and high-altitude Andean regions to show genuine heterogeneity in climate effects driven by local de-adaptation to certain temperatures.
Agriculture, Trade, and Global Water Use
Levi Crews (UCLA) shows how global agricultural trade substantially reduces water extraction worldwide by concentrating water-intensive production in water-abundant regions. Yet because water markets are distorted and access is largely open, the water consequences of trade policy depend critically on where production moves, making blanket trade restrictions neither a reliable nor general solution to water scarcity.
Carbon Policy, Inequality, and the Macroeconomics of the Green Transition
Alessandro Sardone (Halle Institute for Economic Research) examines how, despite the EU’s unwavering commitment to net-zero by 2050 and carbon pricing as its central policy instrument, the macroeconomic and distributional consequences of the transition remain poorly understood — particularly how rising energy costs ripple through production, inflation, and household incomes across income groups, and how policy design ultimately shapes these dynamics.
Uncertainty, Tradeoffs, and Credible Climate Policy
Charles Manski (Northwestern University) discusses how credible climate policy requires honestly confronting deep uncertainty, about climate models, economic damages, and discount rates, rather than becoming entrenched in opposing ideologies. Welfare economics provides the rigorous framework needed to transparently quantify the tradeoffs between abatement costs and climate damages.
From Smoke to Solutions: Tackling Agricultural Burning Through Farmer Constraints
Piyush Gandhi (University of California Santa Cruz) investigates the effect of information constraints on the adoption of clean alternatives to crop burning in Punjab.
Climate Change, Adaptation, and Sovereign Risk
Co-Winner of the 2025 E-Axes Forum Research Prize
Sarah Duffy (University of Oxford) studies the implications of sovereign risk for adaptation and therefore the economic losses from natural disasters.
Carbon Markets and Industry Dynamics: Exit, Entry and Reallocation
Flora Marchioro (USI) and Antonia Pacelli (TSE) highlight how the distributional design of carbon markets can influence industry structure and environmental outcomes