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

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Abstract

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.

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Authors and Affiliations

  1. School of Economics and Management, Zhejiang University of Technology, Hangzhou, 310023, China

    Jianchun Fang

  2. Chinese Academy of Social Sciences, Institute of World Economics and Politics, Beijing, 100732, China

    Jianchun Fang

  3. Department of Accountancy, Finance and Economics, Huddersfield Business School, University of Huddersfield, Queensgate, Huddersfield, HD1 3DH, UK

    Chi Keung Marco Lau

  4. School of Economics, Tianjin University of Commerce, Tianjin City, 300134, China

    Zhou Lu

  5. School of Economics, Zhejiang University, Hangzhou, 310027, China

    Wanshan Wu

  6. Harry F. Byrd, Jr. School of Business, Shenandoah University, Winchester, VA, 22601, USA

    Lili Zhu

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  1. Jianchun Fang
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  2. Chi Keung Marco Lau
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  3. Zhou Lu
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  4. Wanshan Wu
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  5. Lili Zhu
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Correspondence to Zhou Lu or Wanshan Wu.

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Responsible editor: Nicholas Apergis

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Fang, J., Lau, C.K.M., Lu, Z. et al. Natural disasters, climate change, and their impact on inclusive wealth in G20 countries. Environ Sci Pollut Res 26, 1455–1463 (2019). https://doi.org/10.1007/s11356-018-3634-2

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  • DOI: https://doi.org/10.1007/s11356-018-3634-2

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