Categories
2020 Projects

Teaming for Interdisciplinary Research Pre-Seed Program

Economic Implications of Climate Change

Economic Implications of Climate Change

Economic Implications of Climate Change

“Climate Changed” by Eiko Ojala is licensed under CC BY-NC-ND 4.0

Economic decisions are increasingly influenced by the scarcity of resources and their effect on climate. The transition towards a more environmentally sustainable economy requires development of financial instruments and innovations that will have important implications for markets and their participants, i.e. corporations, intermediaries, and investors. The team’s intended research will help improve our understanding of the economic implications of altering environmental conditions from the perspective of a variety of stakeholders in the State of Georgia and in the United States more broadly. Towards achieving this goal, the team will identify causal links between changes in environmental conditions and firm or industry cash flows, examine the implications for pricing and hedging of climate risks in financial markets, and evaluate the transparency and disclosure of polluters’ emissions and climate exposures.

Team Lead

Daniel Rettl
Department of Finance
daniel.rettl@uga.edu

Team Members

Ruchi Singh
Department of Real Estate

Gabriel Kooperman
Department of Geography

Zhongjin Lu
Department of Finance

Jill Gambill
Marine Extension / Sea Grant

Steven Malliaris
Department of Finance

Craig Landry
Department of Agricultural and Applied Economics