Professor Ilan Noy is the Chair in Economics of Disasters and Climate Change - Te Āwhionukurangi, at Te Herenga Waka – Victoria University of Wellington. Ilan’s research and teaching focus on the economic aspects of natural hazards, disasters, climate change, and other related topics in environmental, development, and international economics. Ilan is also the founding Editor-in-Chief of the SpringerNature journal Economics of Disasters and Climate Change. Having previously worked at the University of Hawai’i and consulting for the World Bank, Asian Development Bank, and Inter-American Development Bank (to name a few!), Ilan brings a wealth of knowledge to this conversation.
Professor Noy recently co-authored an article, published in Nature Communications, assessing the global cost of extreme weather attributable to climate change. Their findings revealed that extreme events attributable to climate change cost the world US$143 billion per year, yet the loss and damage funding agreement arrived at from COP27 will only offer an average of US$10 billion a year – a drop in the bucket compared to what’s truly needed. Ilan unpacks the paper’s findings and much more in our conversation.
In this episode, we discuss:
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