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

• Published in: Environmental science and pollution research international Vol. 26; no. 2; pp. 1455 - 1463
• Main Authors: Fang, Jianchun, Lau, Chi Keung Marco, Lu, Zhou, Wu, Wanshan, Zhu, Lili
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.01.2019; Springer Nature B.V
• Subjects: Aquatic Pollution; Atmospheric Protection/Air Quality Control/Air Pollution; Climate change; Disasters; Earth and Environmental Science; Economic impact; Ecotoxicology; Environment; Environmental Chemistry; Environmental Health; Environmental science; Inclusive wealth; Natural disasters; Research Article; Waste Water Technology; Water Management; Water Pollution Control; Climate change; Natural capital; Natural disasters; Sustainable development
• ISSN: 0944-1344; 1614-7499
• DOI: 10.1007/s11356-018-3634-2

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.