Systemic risks from climate-related disruptions at ports
Jasper Verschuur, Elco Koks, Jim W. Hall
Abstract
Abstract Disruptions to ports from climate extremes can have systemic impacts on global shipping, trade and supply chains. By combining estimated climatic-related port downtime at 1,320 ports with a global model of transport flows, we pinpoint systemic risks to global maritime transport, trade and supply-chain networks. We estimate a total of US$81 billion of global trade and at least US$122 billion of economic activity being at-risk on average annually.
Topics & Concepts
Supply chainDowntimePort (circuit theory)Systemic riskClimate changeBusinessGlobal warmingEnvironmental scienceNatural resource economicsEconomicsFinancial crisisComputer scienceOceanographyEngineeringOperating systemGeologyMarketingMacroeconomicsElectrical engineeringInfrastructure Resilience and Vulnerability AnalysisMaritime Ports and LogisticsEnvironmental Impact and Sustainability