A new study finds that extreme weather events (floods, storms, and wildfires) could significantly amplify financial losses due to firms' debt burdens.
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#ExtremeWeather #FinancialLosses #DebtBurden #ClimateImpact #RiskManagement
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#ExtremeWeather #FinancialLosses #DebtBurden #ClimateImpact #RiskManagement
Nature
Mapping global financial risks under climate change
Nature Climate Change - Climate change will impact financial stability, but the quantitative evidence on the magnitude of such risks is still rare. With a forward-looking structural credit-risk...