Quante, L., Willner, S.N., Otto, C. et al. Global economic impact of weather variability on the rich and the poor. Nat Sustain
Objective:
- Simulate global economic interactions of profit-miaximizing firms and utility-optimizing consumers
Case:
- Global
Methodology:
- Life-cycle simulation
Data Source
- MRIO: EORA
- Subnational statistics: DOSE
- Climate: CMIP6
Findings:
- Lower-income quintiles face higher loss risk for all country income levels and across changing climate conditions
- Consumption is sourced mostly from countries of the same income level
- An increasing in risk for all country income levels and income quintiles with global warming
