• Environ Sci Pollut Res Int · Jan 2019

    Natural disasters, climate change, and their impact on inclusive wealth in G20 countries.

    • Jianchun Fang, Chi Keung Marco Lau, Zhou Lu, Wanshan Wu, and Lili Zhu.
    • School of Economics and Management, Zhejiang University of Technology, Hangzhou, 310023, China.
    • Environ Sci Pollut Res Int. 2019 Jan 1; 26 (2): 1455-1463.

    AbstractThis paper uses the 1990-2010 natural disaster and carbon emission data of G20 countries to examine the impact of natural disasters and climate change on the natural capital component of inclusive wealth. Our study shows that climate change and GDP have no positive impacts on the growth of natural capital. By contrast, trade openness and natural disaster frequency contribute to the accumulation of natural capital in G20 countries. There is an inverted U-shaped relationship between the growth of natural capital and the magnitude of natural disaster. Natural capital growth is not affected very much by small disasters. By contrast, large disasters tend to make the growth of natural capital fall sharply.

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