Climate change increases bilateral trade costs (through its impact on maritime shipping) (opens in new tab)

Maximilian Huppertz It is well established that climate change affects productivity, but its effects on trade costs have not been studied. Ignoring these and focusing solely on productivity could lead to an underestimate of its overall impact. It could also create a source of climate-related risk, with the potential to affect the financial system through … Continue reading Climate change increases bilateral trade costs (through its impact on maritime shipping) →