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The Economics of Extreme Weather

April 15, 2021

Extreme weather impacts the local and global economy in many ways. However, extreme weather losses vary greatly in magnitude across events and locations, motivating the need to understand the current risks posed by weather extremes as well as strategies and opportunities to cope with them. Using examples from Southern Arizona and across the United States, this presentation will discuss the economics of extreme weather, including three important strategies – information, adaptation, and insurance – to combat these extreme threats.