A Strategic Initiative to Address the Economic Consequences of Climate Change
Doha – Al-Raya:
Qatar University’s College of Business and Economics has received a prestigious academic research grant, funded by the Qatar Research, Development and Innovation Council (QRDI), worth nearly one million US dollars to launch an innovative project examining the economic and financial impacts of climate change in Qatar.
Led by Dr. Alanoud Al-Maadid and Dr. Mohamed Sami Ben Ali, the project focuses on understanding how climate change affects Qatar’s economic and financial sectors. Implemented by researchers from the College of Business and Economics at Qatar University, the project seeks to directly address these challenges by analyzing the economic and financial implications of climate change on key indicators such as GDP, inflation, oil and gas prices, interest rates, public and private borrowing costs, the labor market, and the stability of the financial and banking system.
One of the project’s distinctive features is its use of advanced econometric models and state-of-the-art machine learning techniques to forecast how climate change may influence Qatar’s economy by tracing its impact on economic and financial indicators. This approach will help in designing mitigation strategies and provide insights into potential risks facing economic and financial sectors that are of vital importance to the State of Qatar.
As part of the research activities, the team has launched a dedicated website, www.economicsofclimate.com, through which data, research findings, and project updates will be shared with both specialists and the general public.