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Climate change increases bilateral trade costs (through its impact on maritime shipping)

61
Academic
Chimera Difficulty Score
a synthesis of Flesch-Kincaid, Coleman-Liau, SMOG, and Dale-Chall readability metrics
Maximilian Huppertz It is well established that climate change affects productivity, but its effects on trade costs have not been studied. Ignoring these and focusing solely on productivity could lead to an underestimate of its overall impact. It could also create a source of climate-related risk, with the potential to affect the financial system through trade finance and insurance. In a recent St...
This study adds to the growing body of research on the economic impacts of climate change. By focusing specifically on maritime trade, it highlights the importance of considering the physical infrastructure of transportation in understanding the broader economic effects of climate change. However, it is important to note that this study does not account for potential adaptations or mitigation strategies that may be implemented in response to changing temperatures and trade costs. Additionally, f...