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search.filters.applied.f.access: openAccess × Author: Geiger, Tobias × End date: 2024 × Start date: 2020 × DDC: 500 × Subject: climate change ×

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    Better insurance could effectively mitigate the increase in economic growth losses from U.S. hurricanes under global warming
    (Washington, DC [u.a.] : Assoc., 2023) Otto, Christian; Kuhla, Kilian; Geiger, Tobias; Schewe, Jacob; Frieler, Katja
    Global warming is likely to increase the proportion of intense hurricanes in the North Atlantic. Here, we analyze how this may affect economic growth. To this end, we introduce an event-based macroeconomic growth model that temporally resolves how growth depends on the heterogeneity of hurricane shocks. For the United States, we find that economic growth losses scale superlinearly with shock heterogeneity. We explain this by a disproportional increase of indirect losses with the magnitude of direct damage, which can lead to an incomplete recovery of the economy between consecutive intense landfall events. On the basis of two different methods to estimate the future frequency increase of intense hurricanes, we project annual growth losses to increase between 10 and 146% in a 2°C world compared to the period 1980–2014. Our modeling suggests that higher insurance coverage can compensate for this climate change–induced increase in growth losses.
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    Climate signals in river flood damages emerge under sound regional disaggregation
    ([London] : Nature Publishing Group UK, 2021) Sauer, Inga J.; Reese, Ronja; Otto, Christian; Geiger, Tobias; Willner, Sven N.; Guillod, Benoit P.; Bresch, David N.; Frieler, Katja
    Climate change affects precipitation patterns. Here, we investigate whether its signals are already detectable in reported river flood damages. We develop an empirical model to reconstruct observed damages and quantify the contributions of climate and socio-economic drivers to observed trends. We show that, on the level of nine world regions, trends in damages are dominated by increasing exposure and modulated by changes in vulnerability, while climate-induced trends are comparably small and mostly statistically insignificant, with the exception of South & Sub-Saharan Africa and Eastern Asia. However, when disaggregating the world regions into subregions based on river-basins with homogenous historical discharge trends, climate contributions to damages become statistically significant globally, in Asia and Latin America. In most regions, we find monotonous climate-induced damage trends but more years of observations would be needed to distinguish between the impacts of anthropogenic climate forcing and multidecadal oscillations.