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Italian Economic Journal· 2026Q2

Ten Uses of Extreme Event Impact Attribution: An Economic Research Agenda

Ilan Noy

Short summary

Extreme Event Impact Attribution (EEIA) can quantify the portion of climate-related disaster damages attributable to anthropogenic climate change, offering a framework for economic analysis and policy.

AI-generated from the title and abstract; the full text is not read.

Key points

  • EEIA links climate change's impact on extreme events to measurable economic damages.
  • The method requires a specific attribution question, a counterfactual climate, and impact data.
  • EEIA can estimate climate-attributable losses, project future costs, and identify inequities.
  • It supports policy tools such as liability claims and loss and damage funds.

AI-generated from the title and abstract; the full text is not read.

Abstract

Abstract This paper describes what Extreme Event Impact Attribution (EEIA) is, what it can provide, and why it is becoming increasingly more policy relevant. The core idea of EEIA is simple: If anthropogenic climate change modifies the probability or intensity of an extreme weather event or a class of such events, and if these events caused measurable adverse impact, then some portion of the measured impacts can be attributed to climate change. In practice, this requires a clear attribution question, a counterfactual climate, an impact model or impact data, and transparent assumptions about what is held constant. The literature shows that EEIA is already useful for estimating national and global climate-attributable losses, projecting future costs, identifying inequities, measuring response costs, tracing indirect losses, valuing health and mortality impacts, informing the Fund for Responding to Loss and Damage, supporting liability claims, and communicating the costs of climate change. Data gaps, methodological differences, ethical disagreements, and limited research capacity mean that impact attribution is best understood as one component of a broader evidence base, but one which, if it develops further, can contribute a lot to our knowledge of climate change.

The authors' abstract, as published at the source. Italian Economic Journal, 2026 · DOI ↗

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Field: Economics and Econometrics

Economics and EconometricsEconomics, Econometrics and Finance