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Climate Change Impacts on Public Finances Around the World

Lint Barrage

Annual Review of Resource Economics2025https://doi.org/10.1146/annurev-resource-011624-035902article
AJG 2ABDC B
Weight
0.44

Abstract

This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect public borrowing costs, and macro-fiscal-climate models that investigate the policy and welfare implications of fiscal climate risks. This article highlights five stylized facts that emerge from this literature and points to important knowledge gaps for future research. Key findings include the facts that ( a ) the fiscal costs of climatic risks are economically significant overall, ( b ) lower-income and credit-constrained regions are especially vulnerable and poorly insured against growing climatic fiscal risks, but ( c ) fiscal policy responses to climatic risks can mitigate their economic impacts substantially.

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https://doi.org/https://doi.org/10.1146/annurev-resource-011624-035902

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@article{lint2025,
  title        = {{Climate Change Impacts on Public Finances Around the World}},
  author       = {Lint Barrage},
  journal      = {Annual Review of Resource Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1146/annurev-resource-011624-035902},
}

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Climate Change Impacts on Public Finances Around the World

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Evidence weight

0.44

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.57 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.