Gallagher & Li Examine Climate Risk Exposure to Foreign Direct Investments
Kevin Gallagher, Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Director of BU’s Global Development Policy Center (GDP Center), and Xia Li, a PhD student at BU’s Questrom School of Business, published an article in Nature analyzing the extent to which foreign firms incorporate climate risk into their investment decisions in developing countries.
In the article, titled “Assessing the climate change exposure of foreign direct investment,” Gallagher and Li examine the exposure of multinational companies’ overseas investments to physical climate risks. The two find that foreign firms are more exposed to climate risk than their domestic counterparts and that Chinese firms take on more climate risk than other foreign firms.
The full article can be read on Nature‘s website.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.