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...
"Experts predict that extreme weather in Spain has already resulted in €12.2 billion worth of losses in 2025, and that will increase to €34.8 billion by 2029"
⚠️ This estimate covers ONLY drought, flooding and heat, ONLY over June-August 2025...
(1/2)
www.euronews.com/green/2025/1...
⚠️ This estimate covers ONLY drought, flooding and heat, ONLY over June-August 2025...
(1/2)
www.euronews.com/green/2025/1...
Climate change threatens Spain’s ‘resilient’ economy, warns report
Despite steady GDP growth, a new report warns Spain is among the European countries most 'exposed' to climate change.
www.euronews.com
November 28, 2025 at 4:37 PM
"Experts predict that extreme weather in Spain has already resulted in €12.2 billion worth of losses in 2025, and that will increase to €34.8 billion by 2029"
⚠️ This estimate covers ONLY drought, flooding and heat, ONLY over June-August 2025...
(1/2)
www.euronews.com/green/2025/1...
⚠️ This estimate covers ONLY drought, flooding and heat, ONLY over June-August 2025...
(1/2)
www.euronews.com/green/2025/1...
Reposted by Climate Risk Economics
I remember long debates on whether "Climate Shock" as book title would come across as catastrophizing.
10 years later, it's an above-the-fold NYT headline.
10 years later, it's an above-the-fold NYT headline.
November 28, 2025 at 3:13 PM
I remember long debates on whether "Climate Shock" as book title would come across as catastrophizing.
10 years later, it's an above-the-fold NYT headline.
10 years later, it's an above-the-fold NYT headline.
New study shows "Almost half of climate journalists surveyed showed “moderate to severe” symptoms of anxiety"
Note to editors: "Organizational support for mental health difficulties was absent or rated poorly"...
via @carbonbrief.org
psycnet.apa.org/doiLanding?d...
Note to editors: "Organizational support for mental health difficulties was absent or rated poorly"...
via @carbonbrief.org
psycnet.apa.org/doiLanding?d...
APA PsycNet
psycnet.apa.org
November 28, 2025 at 3:52 PM
New study shows "Almost half of climate journalists surveyed showed “moderate to severe” symptoms of anxiety"
Note to editors: "Organizational support for mental health difficulties was absent or rated poorly"...
via @carbonbrief.org
psycnet.apa.org/doiLanding?d...
Note to editors: "Organizational support for mental health difficulties was absent or rated poorly"...
via @carbonbrief.org
psycnet.apa.org/doiLanding?d...
Reposted by Climate Risk Economics
Stellar reporting by @carbonbrief.org on what really happened with that 'roadmap' away from fossil fuels at COP30:
www.carbonbrief.org/revealed-lea...
www.carbonbrief.org/revealed-lea...
Revealed: Leak casts doubt on COP30’s ‘informal list’ of fossil-fuel roadmap opponents - Carbon Brief
Carbon Brief has obtained a leaked copy of the “informal list” of countries that were characterised as “blocking” the fossil-fuel roadmap’sat COP30.
www.carbonbrief.org
November 28, 2025 at 1:52 PM
Stellar reporting by @carbonbrief.org on what really happened with that 'roadmap' away from fossil fuels at COP30:
www.carbonbrief.org/revealed-lea...
www.carbonbrief.org/revealed-lea...
"National Emergency Briefing":
A host of eminent scientists have warned 1000 UK politicians, business and community leaders that the country is exposed to severe climate-related risks to its economy, public health, food systems and national security.
www.theguardian.com/environment/...
A host of eminent scientists have warned 1000 UK politicians, business and community leaders that the country is exposed to severe climate-related risks to its economy, public health, food systems and national security.
www.theguardian.com/environment/...
Scientists warn of severe climate-related risks to UK economy and security
Experts lay out scale of changes needed in ‘first-of-its-kind national emergency briefing’ in Westminster
www.theguardian.com
November 28, 2025 at 10:43 AM
"National Emergency Briefing":
A host of eminent scientists have warned 1000 UK politicians, business and community leaders that the country is exposed to severe climate-related risks to its economy, public health, food systems and national security.
www.theguardian.com/environment/...
A host of eminent scientists have warned 1000 UK politicians, business and community leaders that the country is exposed to severe climate-related risks to its economy, public health, food systems and national security.
www.theguardian.com/environment/...
Canada’s prime minister and Alberta’s premier sign pipeline deal that could reverse oil tanker ban
"The agreement will lead to more than 1 million barrels per day"
This means the annual emissions from this dodgy deal will inflict over USD 48 bn in societal damages globally
"The agreement will lead to more than 1 million barrels per day"
This means the annual emissions from this dodgy deal will inflict over USD 48 bn in societal damages globally
November 28, 2025 at 10:35 AM
Canada’s prime minister and Alberta’s premier sign pipeline deal that could reverse oil tanker ban
"The agreement will lead to more than 1 million barrels per day"
This means the annual emissions from this dodgy deal will inflict over USD 48 bn in societal damages globally
"The agreement will lead to more than 1 million barrels per day"
This means the annual emissions from this dodgy deal will inflict over USD 48 bn in societal damages globally
Reposted by Climate Risk Economics
🌊 Dutch central bank sounds alarm: floods pose major threat to Netherlands’ financial system. Physical risk is rising. More insights →
COP30 Adaptation Wins & Fails, EPA to Limit Wetlands Protections, and More
PLUS: G20 declaration's call for adaptation, JP Morgan's Kapnick highlights climate resilience-security nexus, MaRS AdapTech Accelerator
www.climateproof.news
November 27, 2025 at 1:03 PM
🌊 Dutch central bank sounds alarm: floods pose major threat to Netherlands’ financial system. Physical risk is rising. More insights →
Reposted by Climate Risk Economics
Finance ministers need to adapt to the growing threats from climate change, and could learn from the climate scenarios of central banks, former @bis.org head Luiz Awazu Pereira da Silva told @greencb.bsky.social.
greencb.co/4p2vRiZ
greencb.co/4p2vRiZ
Finance ministers can learn from central bank climate scenarios, says former BIS head
Central bank climate scenarios could help finance ministers understand how to adapt to climate stress, former BIS head Luiz Awazu Pereira da Silva told Green Central Banking.
greencb.co
November 27, 2025 at 3:01 PM
Finance ministers need to adapt to the growing threats from climate change, and could learn from the climate scenarios of central banks, former @bis.org head Luiz Awazu Pereira da Silva told @greencb.bsky.social.
greencb.co/4p2vRiZ
greencb.co/4p2vRiZ
Reposted by Climate Risk Economics
Climate change is driving 40% of UK food price hikes.
Protecting households from spiralling costs of living means protecting the planet.
It's time to kick the expensive fossil fuel habit and accelerate the shift towards heating & powering Britain with efficient renewables.
@nebriefing.bsky.social
Protecting households from spiralling costs of living means protecting the planet.
It's time to kick the expensive fossil fuel habit and accelerate the shift towards heating & powering Britain with efficient renewables.
@nebriefing.bsky.social
November 27, 2025 at 2:14 PM
Climate change is driving 40% of UK food price hikes.
Protecting households from spiralling costs of living means protecting the planet.
It's time to kick the expensive fossil fuel habit and accelerate the shift towards heating & powering Britain with efficient renewables.
@nebriefing.bsky.social
Protecting households from spiralling costs of living means protecting the planet.
It's time to kick the expensive fossil fuel habit and accelerate the shift towards heating & powering Britain with efficient renewables.
@nebriefing.bsky.social
"Banks need to further strengthen their management of climate and nature-related risks, given the growing frequency of natural disasters and slow progress towards the net-zero goals", warns the @ecb.europa.eu
If your assets aren't hit by transition risk, they will be by physical risk...
If your assets aren't hit by transition risk, they will be by physical risk...
🇪🇺 “Climate risk is a permanent shock heading in one direction only, with serious long-term effects on house prices and other asset values,” says the @ecb.europa.eu in its supervisory priorities for the next three years.
greencb.co/4rnJCdu
greencb.co/4rnJCdu
Global risk of shocks is unprecedentedly high, warns ECB
European Central Bank says banks must be vigilant as geopolitics, climate, demographics and technology exacerbate structural economic problems.
greencb.co
November 27, 2025 at 1:45 PM
"Banks need to further strengthen their management of climate and nature-related risks, given the growing frequency of natural disasters and slow progress towards the net-zero goals", warns the @ecb.europa.eu
If your assets aren't hit by transition risk, they will be by physical risk...
If your assets aren't hit by transition risk, they will be by physical risk...
Reposted by Climate Risk Economics
Another great read from @scrawford.bsky.social: "We can’t rely on the insurance industry to be the only risk-signaler for homes. These companies may be tracking hurricanes and wildfires, and translating those risks into higher premiums, but they are likely to exclude saltwater intrusion coverage."
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
New data shows insurance costs rising and home values sinking as climate risks grow
Insurance markets are flashing warnings — even as some major climate risks remain unmeasured and unaccounted for
susanpcrawford.substack.com
November 26, 2025 at 4:30 PM
Another great read from @scrawford.bsky.social: "We can’t rely on the insurance industry to be the only risk-signaler for homes. These companies may be tracking hurricanes and wildfires, and translating those risks into higher premiums, but they are likely to exclude saltwater intrusion coverage."
Reposted by Climate Risk Economics
Interesting take on the increasing everyday perils of climate change, including saltwater intrusion in coastal areas. How much less will your home be worth if you or your local water utility cannot provide drinkable water? If not saltwater intrusion, falling groundwater levels from overconsumption?
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
New data shows insurance costs rising and home values sinking as climate risks grow
Insurance markets are flashing warnings — even as some major climate risks remain unmeasured and unaccounted for
susanpcrawford.substack.com
November 26, 2025 at 9:20 PM
Interesting take on the increasing everyday perils of climate change, including saltwater intrusion in coastal areas. How much less will your home be worth if you or your local water utility cannot provide drinkable water? If not saltwater intrusion, falling groundwater levels from overconsumption?
The total annual economic burden of flooding in the US totals $180 bn to $496 bn when factoring in a broader spectrum of impacts, such as annual loss in tax revenue, increases in insurance premiums, damage to ecosystems, damage to transit infrastructure
www.americanprogress.org/article/how-...
www.americanprogress.org/article/how-...
How Climate Change Is Fueling More Deadly and Destructive Floods
Fossil-fueled climate change increases the intensity of floods, worsening the impacts on public health, the economy, and communities.
www.americanprogress.org
November 27, 2025 at 10:33 AM
The total annual economic burden of flooding in the US totals $180 bn to $496 bn when factoring in a broader spectrum of impacts, such as annual loss in tax revenue, increases in insurance premiums, damage to ecosystems, damage to transit infrastructure
www.americanprogress.org/article/how-...
www.americanprogress.org/article/how-...
The consequences of climate change such as last year's deadly floods "increasingly threaten" the growth of Spain's economy, one of the developed world's most dynamic, @oecd-ocde.bsky.social warned on Wednesday.
www.barrons.com/news/climate...
www.barrons.com/news/climate...
Climate Change 'Increasingly Threatens' Dynamic Spanish Economy: OECD
The consequences of climate change such as last year's deadly floods "increasingly threaten" the growth of Spain's economy, one of the developed world's most dynamic, the OECD warned on Wednesday.
www.barrons.com
November 27, 2025 at 10:05 AM
The consequences of climate change such as last year's deadly floods "increasingly threaten" the growth of Spain's economy, one of the developed world's most dynamic, @oecd-ocde.bsky.social warned on Wednesday.
www.barrons.com/news/climate...
www.barrons.com/news/climate...
New study in @agu.org's Earth's Future:
Drought and Extreme Heat Reduce Wheat and Maize Production in the US by Lowering Both Crop Yields and Harvestable Fraction
Projections for 2021–2100 indicate even steeper declines in yield, HF and production...
agupubs.onlinelibrary.wiley.com/doi/10.1029/...
Drought and Extreme Heat Reduce Wheat and Maize Production in the US by Lowering Both Crop Yields and Harvestable Fraction
Projections for 2021–2100 indicate even steeper declines in yield, HF and production...
agupubs.onlinelibrary.wiley.com/doi/10.1029/...
agupubs.onlinelibrary.wiley.com
November 27, 2025 at 9:53 AM
New study in @agu.org's Earth's Future:
Drought and Extreme Heat Reduce Wheat and Maize Production in the US by Lowering Both Crop Yields and Harvestable Fraction
Projections for 2021–2100 indicate even steeper declines in yield, HF and production...
agupubs.onlinelibrary.wiley.com/doi/10.1029/...
Drought and Extreme Heat Reduce Wheat and Maize Production in the US by Lowering Both Crop Yields and Harvestable Fraction
Projections for 2021–2100 indicate even steeper declines in yield, HF and production...
agupubs.onlinelibrary.wiley.com/doi/10.1029/...
While Trump guts climate science, in the UAE, the National Centre of Meteorology and Khalifa University are working on climate impacts... and they found that the "greatest con job" is also "making stormy days in the UAE more common and more intense"...
www.thenationalnews.com/news/uae/202...
www.thenationalnews.com/news/uae/202...
Stormy days are becoming more common in the UAE because of climate change, study finds | The National
Researchers warned that the trend is set to continue
www.thenationalnews.com
November 27, 2025 at 9:09 AM
While Trump guts climate science, in the UAE, the National Centre of Meteorology and Khalifa University are working on climate impacts... and they found that the "greatest con job" is also "making stormy days in the UAE more common and more intense"...
www.thenationalnews.com/news/uae/202...
www.thenationalnews.com/news/uae/202...
Outer Banks Homes Collapsing Is Just a Taste of What’s to Come
Nearly 3 million homes in places like Charleston, Miami and New York are at risk of being flooded permanently because of sea-level rise at some point in roughly the next century...
www.bloomberg.com/opinion/arti...
Nearly 3 million homes in places like Charleston, Miami and New York are at risk of being flooded permanently because of sea-level rise at some point in roughly the next century...
www.bloomberg.com/opinion/arti...
Outer Banks Homes Collapsing Is Just a Taste of What’s to Come
On Sept. 20, 2024, a four-bedroom, three-bathroom beach house in Buxton, North Carolina, in the heart of the Outer Banks, sold for $580,000. On Oct. 28 this year, the house, known as Mermaid’s Rest, c...
www.bloomberg.com
November 27, 2025 at 8:30 AM
Outer Banks Homes Collapsing Is Just a Taste of What’s to Come
Nearly 3 million homes in places like Charleston, Miami and New York are at risk of being flooded permanently because of sea-level rise at some point in roughly the next century...
www.bloomberg.com/opinion/arti...
Nearly 3 million homes in places like Charleston, Miami and New York are at risk of being flooded permanently because of sea-level rise at some point in roughly the next century...
www.bloomberg.com/opinion/arti...
The EU is launching a service to measure the role climate change is playing in extreme weather events, and experts say this could help governments set climate policy, improve financial risk assessments and provide evidence for use in lawsuits.
japantoday.com/category/fea...
japantoday.com/category/fea...
Europe plans service to gauge climate change role in extreme weather
The EU is launching a service to measure the role climate change is playing in extreme weather events like heatwaves and extreme rain, and experts say this could help governments set climate policy, i...
japantoday.com
November 27, 2025 at 8:25 AM
The EU is launching a service to measure the role climate change is playing in extreme weather events, and experts say this could help governments set climate policy, improve financial risk assessments and provide evidence for use in lawsuits.
japantoday.com/category/fea...
japantoday.com/category/fea...
Vietnam has been pounded by a series of deadly disasters and historic floods this year that have racked up at least $3 billion in losses and exposed the nation’s flimsy climate defenses
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Deadly Storms, $3 Billion in Losses Test Vietnam’s Climate Defenses
Vietnam has been pounded by a series of deadly disasters and historic floods this year that have racked up at least $3 billion in losses and exposed the nation’s flimsy climate defenses, just as anoth...
www.bloomberg.com
November 27, 2025 at 8:23 AM
Vietnam has been pounded by a series of deadly disasters and historic floods this year that have racked up at least $3 billion in losses and exposed the nation’s flimsy climate defenses
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
NYC Comptroller Brad Lander is urging three of the city’s pension funds to drop BlackRock Inc. because of “inadequate” climate plans, the latest move to penalize investment firms for failing to tackle global warming.
“Climate risk is financial risk"
www.bloomberg.com/news/article...
“Climate risk is financial risk"
www.bloomberg.com/news/article...
NYC’s Lander Recommends Dropping $42 Billion BlackRock Mandate
New York City Comptroller Brad Lander is urging three of the city’s pension funds to drop BlackRock Inc. because of “inadequate” climate plans, the latest move to penalize investment firms for failing...
www.bloomberg.com
November 26, 2025 at 4:07 PM
NYC Comptroller Brad Lander is urging three of the city’s pension funds to drop BlackRock Inc. because of “inadequate” climate plans, the latest move to penalize investment firms for failing to tackle global warming.
“Climate risk is financial risk"
www.bloomberg.com/news/article...
“Climate risk is financial risk"
www.bloomberg.com/news/article...
"Because of increasing insurance costs, what a homeowner might have thought was a fixed 30-year mortgage on a house that increases in value is turning into an adjustable-rate obligation covering an asset that might not find a buyer at the price the homeowner believes is fair" @scrawford.bsky.social
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
New data shows insurance costs rising and home values sinking as climate risks grow
Insurance markets are flashing warnings — even as some major climate risks remain unmeasured and unaccounted for
susanpcrawford.substack.com
November 26, 2025 at 3:46 PM
"Because of increasing insurance costs, what a homeowner might have thought was a fixed 30-year mortgage on a house that increases in value is turning into an adjustable-rate obligation covering an asset that might not find a buyer at the price the homeowner believes is fair" @scrawford.bsky.social
Reposted by Climate Risk Economics
"public outcry mounts over the government’s response to a crisis that has hit about 2M people &left an entire southern city under water...
SE Asia is increasingly prone to floods...leading to disasters that are costing billions of dollars more each year in damage to roads, bridges, homes &farmland"
SE Asia is increasingly prone to floods...leading to disasters that are costing billions of dollars more each year in damage to roads, bridges, homes &farmland"
‘Desert island’: trapped Thais plead for rescue as floodwaters rise
The navy will deploy an aircraft carrier and deliver meals to help those in the flood-hit south, amid public outcry over chaotic relief efforts.
www.scmp.com
November 26, 2025 at 3:55 AM
"public outcry mounts over the government’s response to a crisis that has hit about 2M people &left an entire southern city under water...
SE Asia is increasingly prone to floods...leading to disasters that are costing billions of dollars more each year in damage to roads, bridges, homes &farmland"
SE Asia is increasingly prone to floods...leading to disasters that are costing billions of dollars more each year in damage to roads, bridges, homes &farmland"
Finance ministers can learn from central bank climate scenarios, says former BIS head
A new cooperation between central banks and finance ministers on #climaterisk was announced on the outskirts of Cop30 in Brazil
greencentralbanking.com/2025/11/25/f...
A new cooperation between central banks and finance ministers on #climaterisk was announced on the outskirts of Cop30 in Brazil
greencentralbanking.com/2025/11/25/f...
Finance ministers can learn from central bank climate scenarios, says former BIS head
Central bank climate scenarios could help finance ministers understand how to adapt to climate stress, former BIS head Luiz Awazu Pereira da Silva told Green Central Banking.
greencentralbanking.com
November 26, 2025 at 9:00 AM
Finance ministers can learn from central bank climate scenarios, says former BIS head
A new cooperation between central banks and finance ministers on #climaterisk was announced on the outskirts of Cop30 in Brazil
greencentralbanking.com/2025/11/25/f...
A new cooperation between central banks and finance ministers on #climaterisk was announced on the outskirts of Cop30 in Brazil
greencentralbanking.com/2025/11/25/f...
New York’s Next Superstorm
In this example, a Category 1 hurricane would make landfall in New Jersey at high tide like Sandy, amid rainfall of four inches per hour
Property damage across the city could exceed $20 billion, twice as much as Sandy caused
www.nytimes.com/interactive/...
In this example, a Category 1 hurricane would make landfall in New Jersey at high tide like Sandy, amid rainfall of four inches per hour
Property damage across the city could exceed $20 billion, twice as much as Sandy caused
www.nytimes.com/interactive/...
See Which New York City Neighborhoods Could Get Hit By the Next Hurricane
Heavy rain would make a hurricane catastrophic. See the neighborhoods that could face the worst flooding.
www.nytimes.com
November 26, 2025 at 8:39 AM
New York’s Next Superstorm
In this example, a Category 1 hurricane would make landfall in New Jersey at high tide like Sandy, amid rainfall of four inches per hour
Property damage across the city could exceed $20 billion, twice as much as Sandy caused
www.nytimes.com/interactive/...
In this example, a Category 1 hurricane would make landfall in New Jersey at high tide like Sandy, amid rainfall of four inches per hour
Property damage across the city could exceed $20 billion, twice as much as Sandy caused
www.nytimes.com/interactive/...
Homeowners Insurance Could Surge Another 16% by 2027
Rising premiums are driven by the frequency and magnitude of natural disaster, and the increasing number of homes exposed
"12% of the residential housing stock is at high-risk"
www.realtor.com/advice/finan...
Rising premiums are driven by the frequency and magnitude of natural disaster, and the increasing number of homes exposed
"12% of the residential housing stock is at high-risk"
www.realtor.com/advice/finan...
www.realtor.com
November 25, 2025 at 9:09 AM
Homeowners Insurance Could Surge Another 16% by 2027
Rising premiums are driven by the frequency and magnitude of natural disaster, and the increasing number of homes exposed
"12% of the residential housing stock is at high-risk"
www.realtor.com/advice/finan...
Rising premiums are driven by the frequency and magnitude of natural disaster, and the increasing number of homes exposed
"12% of the residential housing stock is at high-risk"
www.realtor.com/advice/finan...