Environmental Science and Pollution Research

, Volume 26, Issue 2, pp 1455–1463 | Cite as

Natural disasters, climate change, and their impact on inclusive wealth in G20 countries

  • Jianchun Fang
  • Chi Keung Marco Lau
  • Zhou LuEmail author
  • Wanshan WuEmail author
  • Lili Zhu
Research Article


This paper uses the 1990–2010 natural disaster and carbon emission data of G20 countries to examine the impact of natural disasters and climate change on the natural capital component of inclusive wealth. Our study shows that climate change and GDP have no positive impacts on the growth of natural capital. By contrast, trade openness and natural disaster frequency contribute to the accumulation of natural capital in G20 countries. There is an inverted U-shaped relationship between the growth of natural capital and the magnitude of natural disaster. Natural capital growth is not affected very much by small disasters. By contrast, large disasters tend to make the growth of natural capital fall sharply.


Natural disasters Climate change Natural capital Sustainable development 


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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2018

Authors and Affiliations

  1. 1.School of Economics and ManagementZhejiang University of TechnologyHangzhouChina
  2. 2.Chinese Academy of Social SciencesInstitute of World Economics and PoliticsBeijingChina
  3. 3.Department of Accountancy, Finance and Economics, Huddersfield Business SchoolUniversity of HuddersfieldHuddersfieldUK
  4. 4.School of EconomicsTianjin University of CommerceTianjin CityChina
  5. 5.School of EconomicsZhejiang UniversityHangzhouChina
  6. 6.Harry F. Byrd, Jr. School of BusinessShenandoah UniversityWinchesterUSA

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