Shifting from quantity to quality in climate adaptation finance to create real impact
Peer-Reviewed Publication
Updates every hour. Last Updated: 10-Sep-2025 17:11 ET (10-Sep-2025 21:11 GMT/UTC)
"Climate adaptation finance should shift from the quantity of finance to its quality and risk-reducing impacts. The current adaptation finance system will unlikely have the desired impact of reducing climate risks to vulnerable people," says researcher Jasper Verschuur of Delft University of Technology in an article in Science, written with fellow researchers from the University of Oxford and the London School of Economics.
This study is pleased to present a seminal study examining reserve management strategies across 45197 company-line-year observations from 2000-2012. The research pioneers line-of-business-level analysis to disentangle insurers' multidimensional incentives—tax optimization versus solvency management—through structural reserve adjustments. Employing two-way clustered fixed-effects models and regulatory policy shocks, the study establishes causal evidence of strategic reserve allocation patterns previously undocumented in actuarial literature.
The University of Tennessee Institute of Agriculture dean of AgResearch, Hongwei Xin, has been awarded the Excellence in Leadership Award from agInnovation South, the coalition of directors of state agricultural experiment stations in Southern states. The group is a regional coalition of the national Association for Public and Land-grant Universities (APLU).
At the UT Institute of Agriculture, Xin is responsible for the research programs of approximately 530 agricultural and natural resource faculty and professional scientists that study disciplines spanning seven academic departments and one School of Natural Resources from agricultural and resource economics to plant sciences, animal sciences, and biosystems engineering and soil sciences. Xin also oversees the management of ten research and education centers that conduct field research, demonstrations and education programs in strategic locations across Tennessee.
Plastic bag regulations – bans and consumer fees – have led to meaningful reductions in plastic litter on U.S. shorelines, according to a new study. Plastic pollution has become a pervasive environmental issue; plastic debris comprises most of the marine litter worldwide and has been shown to pose serious threats to ocean life, ecosystems, and coastal economies. Much of this pollution originates from land and enters the ocean via rivers, wastewater, or wind. Among the most problematic items entering marine systems are single-use plastic shopping bags, which has prompted the implementation of a variety of policies – ranging from fees to outright bans – to curb this pollution. Although these policies are being increasingly used worldwide, their effectiveness in reducing plastic waste in the environment remains unknown. To address this gap, Anna Papp and Kimberly Oremus evaluated the effects of plastic bag bans and fees in the United States on the prevalence of plastic bag litter on shorelines. Papp and Oremus analyzed crowdsourced data from more than 45,067 U.S. shoreline cleanups alongside 611 local and state-level plastic bag regulations enacted between 2017 and 2023. By applying robust causal inference methods, the authors found that plastic bag policies led to a 25–47% reduction in the proportion of plastic bags among total litter collected during cleanups compared to locations without such regulations. According to the findings, policies involving consumer fees potentially have the largest impact on reducing litter. While complete bag bans also reduced litter, partial bans, which often allow exceptions for thicker “reusable” bags, appeared to be the least effective. Moreover, the largest reductions in plastic litter occurred in places that had the highest baseline levels of plastic bag pollution, suggesting that these policies are most effective where the problem is most severe. Papp and Oremus also suggest that plastic bag policies may reduce wildlife entanglement by 30 to 37%, though they note that these estimates are imprecise due to data limitations.
A segment of Science's weekly podcast with Anna Papp, related to this research, will be available on the Science.org podcast landing page after the embargo lifts. Reporters are free to make use of the segments for broadcast purposes and/or quote from them – with appropriate attribution (i.e., cite "Science podcast"). Please note that the file itself should not be posted to any other Web site.