Assessing physical climate risks for investments: A risky promise

Rob Swart*

*Corresponding author for this work

Research output: Contribution to journalLetterAcademicpeer-review

2 Citations (Scopus)

Abstract

The world’s financial sector is making significant strides to account for both transition and physical climate risks in investments. The latter holds promise for increasing resilience. But effective frameworks for characterising physical risks for different types of investors and investments are as yet missing or often not used, and avoidance of investments in high-risk areas may counter the positive effects. This short commentary starts to characterise the promises and pitfalls of climate risk assessment in the financial sector and proposes a conceptual framework to capture the main dimensions. A stronger and collaborative role for public and private climate service providers is suggested to upgrade climate risk assessments for financial actors.
Original languageEnglish
Pages (from-to)15-18
Number of pages4
JournalClimate Services
Volume14
DOIs
Publication statusPublished - 1 Apr 2019

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