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Wealth reallocation and sustainability under climate change

Author

Listed:
  • Eli P. Fenichel

    (School of Forestry & Environmental Studies, Yale University)

  • Simon A. Levin

    (Princeton University)

  • Bonnie McCay

    (Rutgers University)

  • Kevin St. Martin

    (Rutgers University)

  • Joshua K. Abbott

    (School of Sustainability, Arizona State University)

  • Malin L. Pinsky

    (Evolution, and Natural Resources, Rutgers University)

Abstract

This Perspective links climate change and the distribution of wealth. Using an 'inclusive wealth' framework, it is shown that climate change could dramatically reallocate wealth, with important implications for sustainable development.

Suggested Citation

  • Eli P. Fenichel & Simon A. Levin & Bonnie McCay & Kevin St. Martin & Joshua K. Abbott & Malin L. Pinsky, 2016. "Wealth reallocation and sustainability under climate change," Nature Climate Change, Nature, vol. 6(3), pages 237-244, March.
    • Handle: RePEc:nat:natcli:v:6:y:2016:i:3:d:10.1038_nclimate2871
    DOI: 10.1038/nclimate2871
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    Citations

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    Cited by:

    1. Eoin McLaughlin & Cristián Ducoing & Les Oxley, 2024. "Tracing Sustainability in the Long Run: Genuine Savings Estimates 1850–2018," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.
    2. Donadelli, Michael & Grüning, Patrick & Jüppner, Marcus & Kizys, Renatas, 2021. "Global temperature, R&D expenditure, and growth," Energy Economics, Elsevier, vol. 104(C).
    3. Zhang, Bingqi & Nozawa, Wataru & Managi, Shunsuke, 2021. "Spatial inequality of inclusive wealth in China and Japan," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 164-179.
    4. Tsigaris, Panagiotis & Wood, Joel, 2019. "The potential impacts of climate change on capital in the 21st century," Ecological Economics, Elsevier, vol. 162(C), pages 74-86.
    5. Darshana Rajapaksa & Moinul Islam & Shunsuke Managi, 2017. "Natural Capital Depletion: the Impact of Natural Disasters on Inclusive Growth," Economics of Disasters and Climate Change, Springer, vol. 1(3), pages 233-244, October.
    6. Dong-Shang Chang & Wen-Sheng Wang & Rouwen Wang, 2018. "Identifying Critical Factors of Sustainable Healthcare Institutions’ Indicators Under Taiwan’s National Health Insurance System," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(1), pages 287-307, November.
    7. Yamaguchi, Rintaro & Managi, Shunsuke, 2019. "Backward- and Forward-looking Shadow Prices in Inclusive Wealth Accounting: An Example of Renewable Energy Capital," Ecological Economics, Elsevier, vol. 156(C), pages 337-349.
    8. Alper Aslan & Buket Altinoz & Melike Atay Polat, 2024. "Investigation of the Sensitivity of EU Countries to Temperature Anomalies in Terms of Economic and Technological Indicators," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2401-2421, March.
    9. Fan, Jing-Li & Li, Kai & Zhang, Xian & Hu, Jiawei & Hubacek, Klaus & Da, Yabin & Liang, Xi & Cheng, Danyang, 2022. "Measuring sustainability: Development and application of the Inclusive Wealth Index in China," Ecological Economics, Elsevier, vol. 195(C).
    10. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.

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