Globally Consistent Assessment of Climate-related Physical Risk: A Conceptual Framework and its Application in Asset Valuation

Climate change poses increasing risks to what is valuable to humans around the globe. Changing, often intensifying, weather and climate extremes can increasingly be attributed to anthropogenic climate change, and change is projected to accelerate throughout the 21st century. Against this backdrop, risk awareness is growing across sectors and so is the demand for research and tools supporting efforts to mitigate climate change and adapt to its adverse consequences. Over the past decades, more and...
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