As climate change continues its persistent advance, its main effects, such as higher temperatures and changes in rainfall patterns, are becoming increasingly frequent and clear. One such effect is the El Niño Phenomenon (ENP), an anomalous warming of the surface waters of the Central and Eastern Pacific Ocean, which, in turn, modifies the climatic conditions for South American … [Read more...] about The Economic Impacts of Climate Change and El Niño in the Andes
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Confronting the Economic Effects of Climate Change in Latin America and the Caribbean
Searing temperatures; rising sea levels. Rainfall, drought, and hurricanes that grow more threatening and intense. With the last seven years registering the hottest temperatures in recorded history, Latin America and the Caribbean not only faces the direct effects of climate change. It confronts a host of indirect economic effects potentially made worse by development … [Read more...] about Confronting the Economic Effects of Climate Change in Latin America and the Caribbean
Climate Change, Migration and the Urban Housing and Labor Markets
Between 1991 and 2010, millions of Brazilians migrated from rural to urban areas, many of them because of the effect of increasing drought brought on by climate change. This migration has had effects not only on wages and employment, but also on the closely-related urban housing market. We decided to examine the phenomena in a recent study, to contribute to urban … [Read more...] about Climate Change, Migration and the Urban Housing and Labor Markets
Surging Temperatures and the Threat to Caribbean Growth
When people think of climate change's effects on the Caribbean, they tend to think of rising seas and extreme weather, like Irma and Maria - the Category 5 hurricanes that ripped through the region in September 2017, killing hundreds and causing billions of dollars in damage. Those calamities are a key reason that the Caribbean region, though a small emitter of greenhouse … [Read more...] about Surging Temperatures and the Threat to Caribbean Growth
A Changing Climate Requires New Farming Habits: How Can Behavioral Economics Help?
Latin America and the Caribbean will face steep challenges in coming decades to provide food security and guarantee a decent income for its rural population. Greater rainfall and increasingly devastating floods may threaten some parts of the region. Others, including northeastern Brazil and Central America, will face extended drought. Erosion and dwindling water resources could … [Read more...] about A Changing Climate Requires New Farming Habits: How Can Behavioral Economics Help?