Weather extremes can cause economic ripples along supply chains. If they occur at roughly the same time, the ripples start interacting and can amplify, even if they occur at completely different places around the world, a new study – “Ripple Resonance Amplifies Economic Welfare Loss from Weather Extremes” – by Kilian Kuhla, Sven Norman Willner, Christian Otto, Tobias Geiger and Anders Levermann (published on 27[Read More...]
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