![Carolyn Kousky Carolyn Kousky](/sites/default/files/experts/EDF-Headshot-CKowsky.jpg)
Carolyn Kousky
Associate Vice President, Economics and Policy Analysis
Work
Areas of expertise:
Climate risk management, disaster insurance, household and community resilience, climate adaptation, disaster policy, environmental economics
Description
Carolyn Kousky is the Associate Vice President for Economics and Policy at Environmental Defense Fund. Dr. Kousky’s research examines multiple aspects of climate risk management and policy approaches for increasing resilience. She has published numerous articles, reports, and book chapters on the economics and policy of climate risk and disaster finance. She is a co-editor of A Blueprint for Coastal Adaptation and author of Understanding Disaster Insurance: New Tools for a More Resilient Future.
Dr. Kousky has worked with many communities on resilience strategies and developing inclusive models for insurance and disaster recovery. She is the vice-chair of the California Climate Insurance Working Group, a university fellow at Resources for the Future, a non-resident scholar at the Insurance Information Institute, and a member of the Roundtable on Risk and Resilience of Extreme Events at the National Academies of Sciences, Engineering, and Medicine. Dr. Kousky is currently an author for the economics chapter of the Fifth National Climate Assessment.
For more information about Dr. Kousky’s work, please visit her personal webpage.
Background
Before coming to EDF, Dr. Kousky was the Executive Director at the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania, where she founded and directed the Policy Incubator. The Policy Incubator worked to connect research to policy innovation, supporting novel approaches to increasing resilience through the development of visionary ideas and the advancement of workable on-the-ground solutions. While at Wharton, she taught Risk Analysis and Environmental Management. Prior to her time at the University of Pennsylvania, she was a fellow at Resources for the Future.
She has a B.S. in Earth Systems from Stanford University and Ph.D. in Public Policy from Harvard University.
Publications
Gourevitch, J., C. Kousky, Y. Liao, C. Nolte, A. B. Pollack, J. R. Porter, and J. A. Weill (2023). “Unpriced climate risk and the potential consequences of over-valuation in US housing markets.” Nature Climate Change.
Kousky, C. et al. (2023). Harnessing Risk Transfer to Support Immediate Post-Disaster Needs of Low- and Moderate Income Households: A meso-insurance Pilot in NYC – Implementation Lessons for Community Organizations. Environmental Defense Fund: November.
Kousky, C. and K. French (2023). Inclusive Insurance for Climate-Related Disasters: A Roadmap for the United States. Boston, Ceres: January.
You X., C. Kousky, H. Wiley, J. Skees (2022). “Linking Inclusive Finance with Inclusive Insurance in the United States Through Community Development Financial Institutions.”
Kousky, C. (2022). “Insurance-sector Tools to Combat Biodiversity Loss.” Science 377(6607): 714-716.
Gilmore, E. A., C. Kousky, and T. St. Clair (2022). “Climate Change Will Increase Local Government Fiscal Stress in the US.” Nature Climate Change 12: 216-218.
Wing, O. E. J., W. Lehman, P. D. Bates, C. C. Sampson, N. Quinn, A. M. Smith, J. C. Neal, J. R. Porter, and C. Kousky (2022). “Inequitable Patterns of US Flood Risk in the Anthropocene.” Nature Climate Change 12: 156-162.
Liao, Y. and C. Kousky (2022). “The Fiscal Impacts of Wildfires on California Municipalities.” Journal of the Association of Environmental and Resource Economists.
Bradt, J., C. Kousky, and O. Wing (2021). “Voluntary Purchases and Adverse Selection in the Market for Flood Insurance.” Journal of Environmental Economics and Management 110 (October): 102515.
Kousky, C., L. Shabman, and H. Wiley (2021). “Can Parametric Microinsurance Improve the Financial Resilience of Low-Income Households in the United States?” Economics of Disasters and Climate Change.
Netusil, N. R., C. Kousky, S. Neupane, W. Daniel, and H. Kunreuther (2021). “The Willingness to Pay for Flood Insurance.” Land Economics.
Kousky, C., M. Palim & Y. Pan (2020). Flood Damage and Mortgage Credit Risk: A Case Study of Hurricane Harvey. Journal of Housing Research 29.
Wiley, H. J. P. and C. Kousky (2020). “Speeding Up Post-Disaster Housing Buyouts.” Solutions 11(3).
Kousky, C. and S. Light (2019). “Insuring Nature.” Duke Law Journal 69: 323-376.
Kousky, C., L. Ritchie, K. Tierney, and B. Lingle (2019). “Return on Investment Analysis and its Applicability to Community Disaster Preparedness Activities: Calculating Costs and Returns.” International Journal of Disaster Risk Reduction 41.
Kousky, C. (2019). “The Role of Natural Disaster Insurance in Recovery and Risk Reduction.” Annual Review of Resource Economics 11(3).
Kousky, C. (2018). “Financing Flood Losses: A Discussion of the National Flood Insurance Program.” Risk Management and Insurance Review. 21(1): 11-32.
Kousky, C. and H. Kunreuther (2018). “Risk Management Roles of the Public and Private Sector.” Risk Management and Insurance Review. 21(1): 181-204.
These are selected publications. For a full list of her written work, please see her CV.
Latest pieces
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Unpriced climate risk and the potential consequences of overvaluation in US housing markets
Nature Climate Change, July 31, 2024 -
Harnessing Community Insurance: Lessons from an Innovative Post-Flood Assistance Program in NYC
Market Forces, November 2, 2023 -
Harnessing risk transfer to support immediate post-disaster needs of low- and moderate-income households
EDF, November 2, 2023 -
Community-driven and research-informed: Insurance innovation to meet social needs
Source, November 1, 2023 -
What happens when America’s flood insurance market goes underwater?
Grist, October 11, 2023 -
We’re playing hot potato with insurance risk, and everybody is losing
The Hill, October 6, 2023 -
Addressing Gaps in Disaster Recovery for South Carolina Households through Inclusive Insurance Models
Market Forces, May 30, 2023 -
Addressing Financial Recovery Gaps for South Carolina Households
Source, May 29, 2023
Press materials
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US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks
February 16, 2023 -
US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks
February 16, 2023