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S5 Ep46: How does climate change affect asset prices?

VoxTalks Economics

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Is Heat Stress More Important Than Climate Change?

In this research you haven't just tried to evaluate all natural hazards here. You focus down on heat stress. Is heat stress more significant as a risk at the moment than these other aspects of climate change? Yes. We find in data that indeed heat stress does seem more relevant. It also seems more relevant in the last seven to eight years and we think there's a good reason for this. The gradient over which heat stress varies across geographies is extremely slow.

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