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| Author: | Tucker, M. |
| Title: | Climate change and the insurance industry: the cost of increased risk and the impetus for action |
| Journal: | Ecological Economics
1997 : AUG, VOL. 22:2, p. 85-96 |
| Index terms: | ECOLOGY ECONOMICS INSURANCE |
| Language: | eng |
| Abstract: | A convincing economic argument for taking action to prevent or ameliorate climate change has not developed because of both uncertainty about the degree of change and its timing. Recent costly weather-related catastrophes with consequent negative impacts on the insurance industry has made the insurance industry a potential advocate for showing what has been identified as a causal factor in climate change: emissions of greenhouse gases. However, rising costs of claims, without a longer-term trend of such catastrophic losses, will make it difficult to present a strong case for taking costly economic action. |
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