Publication: Firms and Climate Change in Low- and Middle-Income Countries
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2023-12-20
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2023-12-20
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Low- and middle-income countries (LMICs) face a disproportionate burden from climate change, potentially threatening the operations and profitability of firms. Simultaneously, firms in LMICs may contribute to climate change through the emissions associated with production. This paper synthesizes the empirical evidence on the links between climate change and firms in LMICs. It identifies three major gaps: poor geographic coverage, little discussion of how market failures interact with climate change in ways that constrain firm decisions, and an overall greater focus on policies for mitigation than adaptation.
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“Goicoechea, Ana; Lang, Megan. 2023. Firms and Climate Change in Low- and Middle-Income Countries. Policy Research Working Paper; 10644. © World Bank. http://hdl.handle.net/10986/40775 License: CC BY 3.0 IGO.”
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