Climate Changes and the Global Environment: Strive for the Path of Sustainable Development

Dear Colleagues,

This Special Issue' aims to widen conversations and find empirical evidence on the Economic and Consequences of Climate Change, especially in emerging nations, to deepen understanding of this topic. It will also give empirical research on subject and policy implications for climate change globally. Climate system variations are leading to financial and economic impacts that are already affecting the economy (Rising et al., 2022). While we know the climate will change, the local and regional implications on communities and economies are unknown (Kundo et al., 2022); policymakers dispute over assumptions and action priorities considered recent issues. Water, energy, agriculture, fisheries, forestry, and catastrophe risk management are all vulnerable to climate conditions (Cai et al., 2018). We can't make mistakes. Using a different technique, we can make sound decisions. Instead of making future-optimized selections, decision makers should make sound decisions no matter what but robust decisions (Pörtner et al., 2022)

This Special Issue aims to expand the scope of current debates; specifically, climate change is predicted to have significant implications on economic sustainability (Aglietta and Espagne, 2016; Batten et al., 2016; Scott et al., 2017; Monasterolo et al. 2019; Kotchen, M. J. 2020). What can global modelling offer policymakers about climate change's economic impacts? Future greenhouse gas output, climatic change, financial and socioeconomic repercussions are uncertain. These obstacles and the inevitable simplifications of any model representation of the global economy suggest that a one-point judgement of climate change's influence on the economy will be less stimulating than the system they affect. Macro models have only partially evaluated economic risks from climate-related disasters (Dietz et al., 2016; Dafermos et al., 2017; Bovari et al., 2018).

Physical risk analysis helps us understand how the financial system could be impacted if the transformation to a low-carbon economy is slow in the next few years and significant global warming is not eventually averted. This would also help us determine which techniques are most effective for reducing climate reparations' sustainability and unpredictability. Climate change will have universal financial and socio-economic effects that will affect financial markets, energy, agriculture, and healthcare, as well as the supply and demand for goods and services in all sectors of the economy, albeit to varied degrees. Higher temperatures, sea level rise, and other climate changes will affect non-economic aspects of existence, such as human safety, health and wellbeing, culture, people's competencies, and ecological excellence. This Special Issue (SI) will reflect the theme Economic and Economic Sustainability of Climate Change: Perspectives from Emerging Economies. The following topics are included, but are not limited to:

• Climate Changes and path of sustainable development.
• Climate change adaptation and mitigation with project development.
• Climate change and business risk, e-business, localization and glocalization strategies.
• Climate change global supply chain or networks, and outsourcing.
• Climate change and business knowledge, innovation, information and technology.
• Climate change and role of social organization, development organization, religious organization.
• Climate change and socioeconomic studies, environmental ethics, law, management. and governance in business, and
• Climate change and labor migration, wage, labor union and economic sustainability.

References:

• Aglietta, M., Espagne, E., (2016). Climate and Finance Systemic Risks, more than an Analogy? The Climate Fragility Hypothesis. CEPII Working Paper 2016-10.
• Batten, S., Sowerbutts, R., & Tanaka, M. (2016). Let's talk about the weather: the impact of climate change on central banks. Working Paper no. 603, Bank of England.
• Bovari, E., Giraud, G., & Mc Isaac, F. (2018). Coping with collapse: a stock-flow consistent monetary macrodynamics of global warming. Ecological Economics, 147, 383-398.
• Cai, Y., & Lontzek, T. S. (2019). The social cost of carbon with economic and climate risks. Journal of Political Economy, 127(6), 2684-2734.
• Dafermos, Y., Nikolaidi, M., & Galanis, G. (2017). A stock-flow-fund ecological macroeconomic model. Ecological Economics, 131, 191-207.
• Dietz, S., Bowen, A., Dixon, C., & Gradwell, P. (2016). ‘Climate value at risk of global financial assets. Nature Climate Change, 6(7), 676-679.
• IPCC (2014a), Climate Change 2014: Impacts, Adaptation, and Vulnerability. Part A: Global and Sectoral Aspects, Contribution of Working Group II to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Field, C.B., V.R. Barros, D.J. Dokken, K.J. Mach, M.D. Mastrandrea, T.E. Bilir, M. Chatterjee, K.L. Ebi, Y.O. Estrada, R.C. Genova, B. Girma, E.S. Kissel, A.N. Levy, S. MacCracken, P.R. Mastrandrea, and L.L.White (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, 1132 pp.
• Kotchen, M. J. (2020). On the scope of climate finance to facilitate international agreement on climate change. Economics Letters, 109070.
• Kundo, H. K., Brueckner, M., Spencer, R., & Davis, J. K. (2022). Building resilience and wellbeing of rural poor to climate risks: are the economic functions of social protection enough?. Disasters.
• Monasterolo, I., Roventini, A., & Foxon, T. J. (2019). Uncertainty of climate policies and implications for economics and finance: An evolutionary economics approach. Ecological Economics, 163, 177-182.
• Pörtner, H. O., Roberts, D. C., Adams, H., Adler, C., Aldunce, P., Ali, E., ... & Fischlin, A. (2022). Climate change 2022: Impacts, adaptation and vulnerability. IPCC Sixth Assessment Report.
• Rising, J. A., Taylor, C., Ives, M. C., & Ward, R. E. (2022). Challenges and innovations in the economic evaluation of the risks of climate change. Ecological Economics, 197, 107437.
• Scott, M., Van Huizen, J., & Jung, C. (2017). The Bank's Response to Climate Change. Bank of England Quarterly Bulletin, Q2.

Prof. Dr. Abul Quasem Al-Amin
Dr. Adeel Ahmed
Dr. Md Mahmudul Alam
Guest Editors

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• climate changes and sustainable development
• climate change adaptation and mitigation with project development
• climate change and business risk, e-business, localization, and glocalization strategies
• climate change and the global supply chain
• climate change and business knowledge
• climate change and socioeconomic studies
• environmental ethics