Climate Risk Economics
@climateeconomics.bsky.social
Science, analysis, and news around climate change's impacts on the economy, focusing on growth, inflation, investment, companies, consumers #ClimateRisk #ClimateImpacts
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Climate, Risk, Insurance: The Future of Capitalism
CO₂ emissions directly increase the amount of energy trapped in the Earth’s atmosphere. This is not a vague or future issue—it is physical reality.
www.linkedin.com
A stark warning from insurance giant Allianz:
"We are fast approaching warming levels where insurers won't be able to offer coverage for many climate risks. The premiums required exceed what people or companies can pay. This is already happening"...
www.linkedin.com/pulse/climat...
"We are fast approaching warming levels where insurers won't be able to offer coverage for many climate risks. The premiums required exceed what people or companies can pay. This is already happening"...
www.linkedin.com/pulse/climat...
Why car insurance is likely getting more expensive in Canada in 2026
"Climate change is also playing a role in the rising rate of auto insurance premiums because disasters like floods and wildfires typically lead to more claims"...
globalnews.ca/news/1156877...
"Climate change is also playing a role in the rising rate of auto insurance premiums because disasters like floods and wildfires typically lead to more claims"...
globalnews.ca/news/1156877...
Why your car insurance is likely getting more expensive in 2026 - National | Globalnews.ca
Car insurance premiums in Canada have been getting more expensive in recent years and insurance experts believe prices will continue to drive up into 2026.
globalnews.ca
December 12, 2025 at 11:08 AM
Why car insurance is likely getting more expensive in Canada in 2026
"Climate change is also playing a role in the rising rate of auto insurance premiums because disasters like floods and wildfires typically lead to more claims"...
globalnews.ca/news/1156877...
"Climate change is also playing a role in the rising rate of auto insurance premiums because disasters like floods and wildfires typically lead to more claims"...
globalnews.ca/news/1156877...
Reposted by Climate Risk Economics
Impact weight all of your risk analysis. Act on that analysis. Or, get crushed by everything you are ignoring and by people doing your job better than you are.
Your choice.
“Tools for quantifying physical climate risk”
www.banque-france.fr/en/publicati...
Your choice.
“Tools for quantifying physical climate risk”
www.banque-france.fr/en/publicati...
Tools for quantifying physical climate risk | Banque de France
Post No. 418. In response to the risks to financial stability posed by climate change, the Banque de France is deploying a diverse toolkit that includes macroeconomic modelling and detailed risk mappi...
www.banque-france.fr
December 11, 2025 at 2:19 AM
Impact weight all of your risk analysis. Act on that analysis. Or, get crushed by everything you are ignoring and by people doing your job better than you are.
Your choice.
“Tools for quantifying physical climate risk”
www.banque-france.fr/en/publicati...
Your choice.
“Tools for quantifying physical climate risk”
www.banque-france.fr/en/publicati...
Reposted by Climate Risk Economics
A new AIGCC & MSCI Institute report reveals a stark reality for Asia’s power sector: #ClimateChange is already costing utilities $6.3B annually and could hit 33% by 2050 without resilience — writes @karihuus.bsky.social 👇
Asia’s $6.3 billion climate blind spot - Climate and Capital Media
Why utilities and Investors can’t afford to ignore physical risk
www.climateandcapitalmedia.com
December 11, 2025 at 11:03 AM
A new AIGCC & MSCI Institute report reveals a stark reality for Asia’s power sector: #ClimateChange is already costing utilities $6.3B annually and could hit 33% by 2050 without resilience — writes @karihuus.bsky.social 👇
Shell facing first UK legal claim over climate impacts of fossil fuels
Recent developments in science make it now far easier to say how much of an influence carbon emissions had on a heatwave or storm
www.yahoo.com/news/article...
Recent developments in science make it now far easier to say how much of an influence carbon emissions had on a heatwave or storm
www.yahoo.com/news/article...
Shell facing first UK legal claim over climate impacts of fossil fuels
Survivors of a deadly typhoon in the Philippines have filed a claim against the UK's largest oil company.
www.yahoo.com
December 11, 2025 at 11:05 AM
Shell facing first UK legal claim over climate impacts of fossil fuels
Recent developments in science make it now far easier to say how much of an influence carbon emissions had on a heatwave or storm
www.yahoo.com/news/article...
Recent developments in science make it now far easier to say how much of an influence carbon emissions had on a heatwave or storm
www.yahoo.com/news/article...
No clear path for industry on adaptation, stresses @scrawford.bsky.social:
"If you’re in business and know the climate risks are real, you’re better off kicking the can down the road until your retirement—rather than changing your business model to reflect and help shoulder climate risks"
"If you’re in business and know the climate risks are real, you’re better off kicking the can down the road until your retirement—rather than changing your business model to reflect and help shoulder climate risks"
New paper demonstrates climate inaction is already hitting U.S. households like a hidden, regressive “climate tax”--but unlike Obamacare, there’s no national coalition or business deal to turn that fact into real climate adaptation progress. Column today: open.substack.com/pub/susanpcr...
Obamacare and climate adaptation have a lot in common
But the deal that made health insurance possible is far less likely in the climate arena
open.substack.com
December 10, 2025 at 3:02 PM
No clear path for industry on adaptation, stresses @scrawford.bsky.social:
"If you’re in business and know the climate risks are real, you’re better off kicking the can down the road until your retirement—rather than changing your business model to reflect and help shoulder climate risks"
"If you’re in business and know the climate risks are real, you’re better off kicking the can down the road until your retirement—rather than changing your business model to reflect and help shoulder climate risks"
The increased physical risks from climate change are a key reason why the French central bank is developing macroeconomic methodologies and risk mapping to pinpoint the vulnerabilities of the French economy (while the US is asleep at the wheel)
www.banque-france.fr/en/publicati...
www.banque-france.fr/en/publicati...
Tools for quantifying physical climate risk | Banque de France
Post No. 418. In response to the risks to financial stability posed by climate change, the Banque de France is deploying a diverse toolkit that includes macroeconomic modelling and detailed risk mappi...
www.banque-france.fr
December 10, 2025 at 2:06 PM
The increased physical risks from climate change are a key reason why the French central bank is developing macroeconomic methodologies and risk mapping to pinpoint the vulnerabilities of the French economy (while the US is asleep at the wheel)
www.banque-france.fr/en/publicati...
www.banque-france.fr/en/publicati...
The unsustainable production of food and fossil fuels causes $5bn of environmental damage PER HOUR - major UN report.
A global transformation of governance, economics and finance is required “before collapse becomes inevitable”
www.theguardian.com/environment/...
A global transformation of governance, economics and finance is required “before collapse becomes inevitable”
www.theguardian.com/environment/...
‘Food and fossil fuel production causing $5bn of environmental damage an hour’
UN GEO report says ending this harm key to global transformation required ‘before collapse becomes inevitable’
www.theguardian.com
December 9, 2025 at 4:59 PM
The unsustainable production of food and fossil fuels causes $5bn of environmental damage PER HOUR - major UN report.
A global transformation of governance, economics and finance is required “before collapse becomes inevitable”
www.theguardian.com/environment/...
A global transformation of governance, economics and finance is required “before collapse becomes inevitable”
www.theguardian.com/environment/...
Reposted by Climate Risk Economics
The legal system is in no way ready for climate change.
If county doesn't pay for access road to wealthy coastal enclave:
"Abandoning Calle del Arroyo to the rising seas, for example, would expose the County to billions in liability from Seadrift homeowners who would lose access to their homes."
If county doesn't pay for access road to wealthy coastal enclave:
"Abandoning Calle del Arroyo to the rising seas, for example, would expose the County to billions in liability from Seadrift homeowners who would lose access to their homes."
This is the totally wild letter I was thinking of - from after the county abandoned the coastal hazard planning update but in response to the "Adaptation and Resilience Collaborative" report from this past summer. Page 2 is where the gloves really come off.
December 9, 2025 at 4:26 PM
The legal system is in no way ready for climate change.
If county doesn't pay for access road to wealthy coastal enclave:
"Abandoning Calle del Arroyo to the rising seas, for example, would expose the County to billions in liability from Seadrift homeowners who would lose access to their homes."
If county doesn't pay for access road to wealthy coastal enclave:
"Abandoning Calle del Arroyo to the rising seas, for example, would expose the County to billions in liability from Seadrift homeowners who would lose access to their homes."
ICYMI: EU 'Reflection Group' report stresses need for collective action to strengthen EU resilience to #climaterisk
"delaying action will increase the economic and societal burden of climate impacts, affecting governments, businesses, and citizens alike"
climate.ec.europa.eu/news-other-r...
"delaying action will increase the economic and societal burden of climate impacts, affecting governments, businesses, and citizens alike"
climate.ec.europa.eu/news-other-r...
Financing resilience: Reflection group presents final report on mobilising financing to help EU prepare for climate risks
Today, the Reflection Group on Mobilising Climate Resilience Financing presented its final report to Commissioner Hoekstra, stressing the need for collective action to strengthen the European Union’s ...
climate.ec.europa.eu
December 9, 2025 at 11:30 AM
ICYMI: EU 'Reflection Group' report stresses need for collective action to strengthen EU resilience to #climaterisk
"delaying action will increase the economic and societal burden of climate impacts, affecting governments, businesses, and citizens alike"
climate.ec.europa.eu/news-other-r...
"delaying action will increase the economic and societal burden of climate impacts, affecting governments, businesses, and citizens alike"
climate.ec.europa.eu/news-other-r...
One retracted study doesn't cancel climate science
The critical takeaway is that all the literature on climate and economics points in the same direction, even if it disagrees on the particulars: A hotter planet is one with less economic growth
www.miamiherald.com/opinion/us-v...
The critical takeaway is that all the literature on climate and economics points in the same direction, even if it disagrees on the particulars: A hotter planet is one with less economic growth
www.miamiherald.com/opinion/us-v...
Mark Gongloff: One retracted study doesn't cancel climate science
It's hard enough for most of us to predict what we're having for dinner tonight, much less how the t...
www.miamiherald.com
December 9, 2025 at 10:44 AM
One retracted study doesn't cancel climate science
The critical takeaway is that all the literature on climate and economics points in the same direction, even if it disagrees on the particulars: A hotter planet is one with less economic growth
www.miamiherald.com/opinion/us-v...
The critical takeaway is that all the literature on climate and economics points in the same direction, even if it disagrees on the particulars: A hotter planet is one with less economic growth
www.miamiherald.com/opinion/us-v...
Cyclone Ditwah to delay Sri Lanka's fragile recovery, worsen poverty
Tea, rice industries face losses, hits employment and exports => growth will slow from 4.5%. this year to 3% in 2026
Rebuilding costs could reach $7 bn
www.reuters.com/business/env...
Tea, rice industries face losses, hits employment and exports => growth will slow from 4.5%. this year to 3% in 2026
Rebuilding costs could reach $7 bn
www.reuters.com/business/env...
Cyclone Ditwah to delay Sri Lanka's fragile recovery, worsen poverty
Sri Lanka's fragile economic recovery will be delayed as Cyclone Ditwah's devastation of homes, roads and vital crops pushes more families into poverty, with officials warning the bill to rebuild coul...
www.reuters.com
December 9, 2025 at 10:35 AM
Cyclone Ditwah to delay Sri Lanka's fragile recovery, worsen poverty
Tea, rice industries face losses, hits employment and exports => growth will slow from 4.5%. this year to 3% in 2026
Rebuilding costs could reach $7 bn
www.reuters.com/business/env...
Tea, rice industries face losses, hits employment and exports => growth will slow from 4.5%. this year to 3% in 2026
Rebuilding costs could reach $7 bn
www.reuters.com/business/env...
Climate change threatens Asia’s water and power systems, two reports warn:
- By 2050, extreme weather could cost power companies in Asia-Pacific $8.4 billion a year in damage and lost revenue
Asian nations will need $4 trillion for water and sanitation between 2025 and 2040
- By 2050, extreme weather could cost power companies in Asia-Pacific $8.4 billion a year in damage and lost revenue
Asian nations will need $4 trillion for water and sanitation between 2025 and 2040
December 8, 2025 at 4:51 PM
Climate change threatens Asia’s water and power systems, two reports warn:
- By 2050, extreme weather could cost power companies in Asia-Pacific $8.4 billion a year in damage and lost revenue
Asian nations will need $4 trillion for water and sanitation between 2025 and 2040
- By 2050, extreme weather could cost power companies in Asia-Pacific $8.4 billion a year in damage and lost revenue
Asian nations will need $4 trillion for water and sanitation between 2025 and 2040
"Climate change could reduce Belgium's GDP by 2.8% to 5% by 2050, with public debt projected to increase by 15 percentage points of GDP under a severe warming scenario"...
www.cerac.be/en/publicati...
www.cerac.be/en/publicati...
Physical impacts of climate change: tentative appraisal of macro-fiscal costs for Belgium
This report, the result of a partnership between Cerac and the Federal Planning Bureau, attempts for the first time to estimate the future costs of climate change for Belgium’s public finances.The stu...
www.cerac.be
December 8, 2025 at 3:15 PM
"Climate change could reduce Belgium's GDP by 2.8% to 5% by 2050, with public debt projected to increase by 15 percentage points of GDP under a severe warming scenario"...
www.cerac.be/en/publicati...
www.cerac.be/en/publicati...
Reposted by Climate Risk Economics
as the popular press starts to pick up on the cost of climate change... i dont think everyone quite gets the scale we are talking about here
December 8, 2025 at 1:43 PM
as the popular press starts to pick up on the cost of climate change... i dont think everyone quite gets the scale we are talking about here
"For institutional investors, this is not just a climate warning: it's a fiduciary alarm", say AIGCC and MSCI:
- climate change already costs major utilities $6.3 bn annually
- this could grow 33% by 2050 unless emissions fall and resilience measures are taken
aigcc.net/climate-adap...
- climate change already costs major utilities $6.3 bn annually
- this could grow 33% by 2050 unless emissions fall and resilience measures are taken
aigcc.net/climate-adap...
Climate Adaptation Crucial to Reduce Electricity Companies’ $6.3b Annual Costs from Climate Hazards - Asia Investor Group on Climate Change
25 November 2025 – Climate hazards are already costing Asia’s major electricity utilities US$6.3 billion each year. Those costs could grow 33% by 2050 unless global emissions fall and resilience measu...
aigcc.net
December 8, 2025 at 2:36 PM
"For institutional investors, this is not just a climate warning: it's a fiduciary alarm", say AIGCC and MSCI:
- climate change already costs major utilities $6.3 bn annually
- this could grow 33% by 2050 unless emissions fall and resilience measures are taken
aigcc.net/climate-adap...
- climate change already costs major utilities $6.3 bn annually
- this could grow 33% by 2050 unless emissions fall and resilience measures are taken
aigcc.net/climate-adap...
Climate change is boosting health care costs
An online tool helps businesses figure out how much climate change could increase what they pay for their employees’ health care.
yaleclimateconnections.org/2025/12/clim...
An online tool helps businesses figure out how much climate change could increase what they pay for their employees’ health care.
yaleclimateconnections.org/2025/12/clim...
Climate change is boosting health care costs » Yale Climate Connections
An online tool helps businesses figure out how much climate change could increase what they pay for their employees’ health care.
yaleclimateconnections.org
December 8, 2025 at 11:45 AM
Climate change is boosting health care costs
An online tool helps businesses figure out how much climate change could increase what they pay for their employees’ health care.
yaleclimateconnections.org/2025/12/clim...
An online tool helps businesses figure out how much climate change could increase what they pay for their employees’ health care.
yaleclimateconnections.org/2025/12/clim...
Reposted by Climate Risk Economics
After this weekend's racist attacks on the EU, I've written a column about the moral obligation to stop posting on X.
Oh no, wait, I wrote it *two years ago* when it was blatantly obvious what was going on and how it would get much much worse.
www.bloomberg.com/opinion/arti...
Oh no, wait, I wrote it *two years ago* when it was blatantly obvious what was going on and how it would get much much worse.
www.bloomberg.com/opinion/arti...
December 7, 2025 at 10:18 PM
After this weekend's racist attacks on the EU, I've written a column about the moral obligation to stop posting on X.
Oh no, wait, I wrote it *two years ago* when it was blatantly obvious what was going on and how it would get much much worse.
www.bloomberg.com/opinion/arti...
Oh no, wait, I wrote it *two years ago* when it was blatantly obvious what was going on and how it would get much much worse.
www.bloomberg.com/opinion/arti...
Reposted by Climate Risk Economics
🇦🇺 Australia is significantly underinvesting in climate adaptation, says the Actuaries Institute.
Natural disasters already cost A$38bn a year — rising to at least A$73bn by 2060. 📈💰
Natural disasters already cost A$38bn a year — rising to at least A$73bn by 2060. 📈💰
Australia should expand taxonomy to include climate adaptation, actuaries say
Clear criteria are essential to unlock private investment in adaptation to protect homes and businesses from wildfires, droughts and floods.
greencb.co
December 8, 2025 at 8:31 AM
🇦🇺 Australia is significantly underinvesting in climate adaptation, says the Actuaries Institute.
Natural disasters already cost A$38bn a year — rising to at least A$73bn by 2060. 📈💰
Natural disasters already cost A$38bn a year — rising to at least A$73bn by 2060. 📈💰
Reposted by Climate Risk Economics
People trying to sell you houses at high prices don't want you to know about their climate risks (or other inconvenient numbers). Buyer beware.
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Erasing a Home’s Risks on Zillow Doesn’t Make Them Go Away
We live in a golden age of magical thinking, and I’m not just talking about the trillions of dollars being burned on artificial intelligence. When it comes to our rapidly heating planet and its effect...
www.bloomberg.com
December 2, 2025 at 1:21 PM
People trying to sell you houses at high prices don't want you to know about their climate risks (or other inconvenient numbers). Buyer beware.
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
The Cost of Climate Change: $400-900 Per Year For U.S. Households
The paper tallies up numerous ways that climate change often invisibly eats into household budgets, but the researchers admit it's only a partial accounting
www.investopedia.com/climate-chan...
The paper tallies up numerous ways that climate change often invisibly eats into household budgets, but the researchers admit it's only a partial accounting
www.investopedia.com/climate-chan...
The Cost of Climate Change: $1,300 Per Year For U.S. Households
New research reveals that U.S. households incur annual costs of climate impacts, with Western and coastal regions bearing the brunt.
www.investopedia.com
December 4, 2025 at 3:15 PM
The Cost of Climate Change: $400-900 Per Year For U.S. Households
The paper tallies up numerous ways that climate change often invisibly eats into household budgets, but the researchers admit it's only a partial accounting
www.investopedia.com/climate-chan...
The paper tallies up numerous ways that climate change often invisibly eats into household budgets, but the researchers admit it's only a partial accounting
www.investopedia.com/climate-chan...
Reposted by Climate Risk Economics
The @ecb.europa.eu can help shield Europe from fossil fuel price shocks AND support the climate at the same time! 🌳📈
Through green refinancing operations (cheaper loans for banks funding green projects), both the economy and the climate can win.
🔗 Read WWF’s new study: tinyurl.com/4ezx9tva
Through green refinancing operations (cheaper loans for banks funding green projects), both the economy and the climate can win.
🔗 Read WWF’s new study: tinyurl.com/4ezx9tva
December 4, 2025 at 8:25 AM
The @ecb.europa.eu can help shield Europe from fossil fuel price shocks AND support the climate at the same time! 🌳📈
Through green refinancing operations (cheaper loans for banks funding green projects), both the economy and the climate can win.
🔗 Read WWF’s new study: tinyurl.com/4ezx9tva
Through green refinancing operations (cheaper loans for banks funding green projects), both the economy and the climate can win.
🔗 Read WWF’s new study: tinyurl.com/4ezx9tva
The food industry must face up to nature-related risk
Boardrooms need to acknowledge that without healthy soils and reliable seasons, the system could face collapse
www.ft.com/content/5094...
Boardrooms need to acknowledge that without healthy soils and reliable seasons, the system could face collapse
www.ft.com/content/5094...
The food industry must face up to nature-related risk
Boardrooms need to acknowledge that without healthy soils and reliable seasons the system could face collapse
www.ft.com
December 4, 2025 at 9:29 AM
The food industry must face up to nature-related risk
Boardrooms need to acknowledge that without healthy soils and reliable seasons, the system could face collapse
www.ft.com/content/5094...
Boardrooms need to acknowledge that without healthy soils and reliable seasons, the system could face collapse
www.ft.com/content/5094...
Deadly Floods’ $20 Billion Toll Shows Asia’s Rising Climate Risk
"damaged homes, roads and rail lines, decimated crops, slowed factory output and inundated tourist spots"...
www.bloomberg.com/news/article...
"damaged homes, roads and rail lines, decimated crops, slowed factory output and inundated tourist spots"...
www.bloomberg.com/news/article...
December 4, 2025 at 9:15 AM
Deadly Floods’ $20 Billion Toll Shows Asia’s Rising Climate Risk
"damaged homes, roads and rail lines, decimated crops, slowed factory output and inundated tourist spots"...
www.bloomberg.com/news/article...
"damaged homes, roads and rail lines, decimated crops, slowed factory output and inundated tourist spots"...
www.bloomberg.com/news/article...
UK farmers lose £800m after heat and drought cause one of worst harvests on record
Many now concerned about ability to make living in fast-changing climate
www.theguardian.com/environment/...
Many now concerned about ability to make living in fast-changing climate
www.theguardian.com/environment/...
UK farmers lose £800m after heat and drought cause one of worst harvests on record
Many now concerned about ability to make living in fast-changing climate after one of worst grain harvests recorded
www.theguardian.com
December 4, 2025 at 9:12 AM
UK farmers lose £800m after heat and drought cause one of worst harvests on record
Many now concerned about ability to make living in fast-changing climate
www.theguardian.com/environment/...
Many now concerned about ability to make living in fast-changing climate
www.theguardian.com/environment/...
NYC Comptroller Calls to Drop $42 Billion Investment Mandate with BlackRock Over “Inadequate Decarbonization Plans”
"The systemic risk of the climate crisis threatens the long-term value of New York City’s pension funds"
www.esgtoday.com/nyc-comptrol...
"The systemic risk of the climate crisis threatens the long-term value of New York City’s pension funds"
www.esgtoday.com/nyc-comptrol...
NYC Comptroller Calls to Drop $42 Billion Investment Mandate with BlackRock Over “Inadequate Decarbonization Plans” - ESG Today
New York City Comptroller Brad Lander announced that he has recommended that the city’s pension funds drop a $42 billion investment mandates with BlackRock, as well as those with Fidelity and PanAgora...
www.esgtoday.com
December 3, 2025 at 3:39 PM
NYC Comptroller Calls to Drop $42 Billion Investment Mandate with BlackRock Over “Inadequate Decarbonization Plans”
"The systemic risk of the climate crisis threatens the long-term value of New York City’s pension funds"
www.esgtoday.com/nyc-comptrol...
"The systemic risk of the climate crisis threatens the long-term value of New York City’s pension funds"
www.esgtoday.com/nyc-comptrol...