Related papers: An Insurance-Led Response to Climate Change
As climate change poses new and more unpredictable challenges to society, insurance is an essential avenue to protect against loss caused by extreme events. Traditional insurance risk models employ statistical analyses that are inaccurate…
The technology industry promotes artificial intelligence (AI) as a key enabler to solve a vast number of problems, including the environmental crisis. However, when looking at the emissions of datacenters from worldwide service providers,…
Technologies can help strengthen the resilience of our economy against existential climate-risks. We investigate climate change adaptation technologies (CCATs) in US patents to understand (1) historical patterns and drivers of innovation;…
The field of Detection and Attribution is rapidly moving beyond weather and climate, and towards incorporating hazards and their impacts on natural and human systems. Here, we review the comprehensive literature base relevant for the UK…
Renewable energy is becoming an increasingly important component of energy systems. However, renewable energy production is heavily dependent on the prevailing weather conditions, which are changing as a result of climate change. It is…
We study optimal dividend strategies for an insurance company facing natural catastrophe claims, anticipating the arrival of a climate tipping point after which the claim intensity and/or the claim size distribution of the underlying risks…
This paper addresses estimates of climate risk embedded within a bank credit portfolio. The proposed Climate Extended Risk Model (CERM) adapts well known credit risk models and makes it possible to calculate incremental credit losses on a…
We study how the climate transition through a low-carbon economy, implemented by carbon pricing, propagates in a credit portfolio and precisely describe how carbon price dynamics affects credit risk measures such as probability of default,…
Two modern trends in insurance are data-intensive underwriting and behavior-based insurance. Data-intensive underwriting means that insurers analyze more data for estimating the claim cost of a consumer and for determining the premium based…
Global warming is one of the main threats to the future of humanity and extensive emissions of greenhouse gases are found to be the main cause of global temperature rise as well as climate change. During the last decades international…
Anthropogenic climate change (ACC) is altering the frequency and intensity of extreme weather events. Attributing individual extreme events (EEs) to ACC is becoming crucial to assess the risks of climate change. Traditional attribution…
The provision of accurate methods for predicting the climate response to anthropogenic and natural forcings is a key contemporary scientific challenge. Using a simplified and efficient open-source general circulation model of the atmosphere…
Climate change is increasing the frequency and severity of natural disasters worldwide. Media coverage of these events may be vital to generate empathy and mobilize global populations to address the common threat posed by climate change.…
Earlier meta-analyses of the economic impact of climate change are updated with more data, with three new results: (1) The central estimate of the economic impact of global warming is always negative. (2) The confidence interval about the…
An increasing number of electric loads, such as hydrogen producers or data centers, can be characterized as carbon-sensitive, meaning that they are willing to adapt the timing and/or location of their electricity usage in order to minimize…
As urbanization and climate change progress, urban heat becomes a priority for climate adaptation efforts. High temperatures concentrated in urban heat can drive increased risk of heat-related death and illness as well as increased energy…
Carbon offset programs are critical in the fight against climate change. One emerging threat to the long-term stability and viability of forest carbon offset projects is wildfires, which can release large amounts of carbon and limit the…
A transition to a fully global renewable energy infrastructure is potentially possible in no more than a few decades, even using current wind/solar technologies. We demonstrate that at its completion this transition would terminate…
The financial sector is increasingly concerned with the physical risks of climate change, but economic and financial impact representations are still developing, particularly for chronic risks. Mexico's Central Bank conducted a…
Global warming is often framed in broad planetary numbers such as the 1.5C and 2C warming thresholds, creating the false impression that individual corporations efforts to reduce emissions are meaningless in the absence of collective…