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...
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...
Reposted by Climate Risk Economics
Funding support for these analyses has been insufficient for more than 30 years. When I was a summer intern at NOAA in the 90's getting projects done for major update efforts like California, SW US, or Puerto Rico were budget limited and updates were decades behind.
It's beyond time to fix this.
It's beyond time to fix this.
Zillow’s climate score rollback is a wake-up call: build open, future‑conditions federal flood maps -- gold‑standard, trustworthy data for building codes, mortgages, and our future. Column today: open.substack.com/pub/susanpcr...
Zillow’s climate risk reversal looks like a setback. It’s really a wake‑up call.
When private models sow confusion, it’s a flashing warning sign that Washington needs to fix federal flood maps,
open.substack.com
December 3, 2025 at 2:53 PM
Funding support for these analyses has been insufficient for more than 30 years. When I was a summer intern at NOAA in the 90's getting projects done for major update efforts like California, SW US, or Puerto Rico were budget limited and updates were decades behind.
It's beyond time to fix this.
It's beyond time to fix this.
Reposted by Climate Risk Economics
It's 2025 and people are calling for a National Climate Service
It's 2020 and people are calling for a National Climate Service
It's 2011 and people are calling for a National Climate Service
It's 1978 and people are calling for a National Climate Service
papers.ssrn.com/sol3/papers....
It's 2020 and people are calling for a National Climate Service
It's 2011 and people are calling for a National Climate Service
It's 1978 and people are calling for a National Climate Service
papers.ssrn.com/sol3/papers....
Climate Services: The Business of Physical Risk
A growing number of investors, insurers, financial services providers, and nonprofits rely on information about localized physical climate risks, like floods, h
papers.ssrn.com
December 3, 2025 at 3:01 PM
It's 2025 and people are calling for a National Climate Service
It's 2020 and people are calling for a National Climate Service
It's 2011 and people are calling for a National Climate Service
It's 1978 and people are calling for a National Climate Service
papers.ssrn.com/sol3/papers....
It's 2020 and people are calling for a National Climate Service
It's 2011 and people are calling for a National Climate Service
It's 1978 and people are calling for a National Climate Service
papers.ssrn.com/sol3/papers....
Reposted by Climate Risk Economics
This is the correct take on the whole Zillow fiasco
(and fire maps, and hurricane maps)
2023 PCAST report essentially called for this as well - it's been a recognized gap in capacity for years bidenwhitehouse.archives.gov/wp-content/u...
(and fire maps, and hurricane maps)
2023 PCAST report essentially called for this as well - it's been a recognized gap in capacity for years bidenwhitehouse.archives.gov/wp-content/u...
December 3, 2025 at 2:15 PM
This is the correct take on the whole Zillow fiasco
(and fire maps, and hurricane maps)
2023 PCAST report essentially called for this as well - it's been a recognized gap in capacity for years bidenwhitehouse.archives.gov/wp-content/u...
(and fire maps, and hurricane maps)
2023 PCAST report essentially called for this as well - it's been a recognized gap in capacity for years bidenwhitehouse.archives.gov/wp-content/u...
Reposted by Climate Risk Economics
Zillow’s climate score rollback is a wake-up call: build open, future‑conditions federal flood maps -- gold‑standard, trustworthy data for building codes, mortgages, and our future. Column today: open.substack.com/pub/susanpcr...
Zillow’s climate risk reversal looks like a setback. It’s really a wake‑up call.
When private models sow confusion, it’s a flashing warning sign that Washington needs to fix federal flood maps,
open.substack.com
December 3, 2025 at 1:44 PM
Zillow’s climate score rollback is a wake-up call: build open, future‑conditions federal flood maps -- gold‑standard, trustworthy data for building codes, mortgages, and our future. Column today: open.substack.com/pub/susanpcr...
NGFS:
"It cannot be excluded that the economic effects of climate change might turn out to be more severe than anticipated in the NGFS scenarios, eg, if certain tipping points are reached. Thus, users should also take into account the tail risks of climate change"...
www.ngfs.net/en/publicati...
"It cannot be excluded that the economic effects of climate change might turn out to be more severe than anticipated in the NGFS scenarios, eg, if certain tipping points are reached. Thus, users should also take into account the tail risks of climate change"...
www.ngfs.net/en/publicati...
December 3, 2025 at 11:10 AM
NGFS:
"It cannot be excluded that the economic effects of climate change might turn out to be more severe than anticipated in the NGFS scenarios, eg, if certain tipping points are reached. Thus, users should also take into account the tail risks of climate change"...
www.ngfs.net/en/publicati...
"It cannot be excluded that the economic effects of climate change might turn out to be more severe than anticipated in the NGFS scenarios, eg, if certain tipping points are reached. Thus, users should also take into account the tail risks of climate change"...
www.ngfs.net/en/publicati...
A high-profile study that projected huge climate impacts on the global economy has been retracted
yet “there are more and more studies using different data and methodologies that find pretty high economic damages and a very strong case for mitigation”...
www.bloomberg.com/news/article...
yet “there are more and more studies using different data and methodologies that find pretty high economic damages and a very strong case for mitigation”...
www.bloomberg.com/news/article...
Climate Study Widely Used by Central Banks Retracted Over Errors
A widely-referenced study that calculated the impacts of climate change on the global economy has been retracted after criticism from peers.
www.bloomberg.com
December 3, 2025 at 10:43 AM
A high-profile study that projected huge climate impacts on the global economy has been retracted
yet “there are more and more studies using different data and methodologies that find pretty high economic damages and a very strong case for mitigation”...
www.bloomberg.com/news/article...
yet “there are more and more studies using different data and methodologies that find pretty high economic damages and a very strong case for mitigation”...
www.bloomberg.com/news/article...
Moving to a climate-disaster zone just to afford a home
The US is creating a system where your income determines your exposure to climate disasters. When housing becomes unaffordable in safer areas, the only available/affordable property is often in riskier locations
www.latimes.com/opinion/stor...
The US is creating a system where your income determines your exposure to climate disasters. When housing becomes unaffordable in safer areas, the only available/affordable property is often in riskier locations
www.latimes.com/opinion/stor...
Contributor: Moving to a climate-disaster zone just to afford a home
The only affordable property is often in low-lying areas at flood risk, such as in Houston and coastal Texas, or in higher-wildfire-risk areas, such as in California foothills and canyons.
www.latimes.com
December 3, 2025 at 10:06 AM
Moving to a climate-disaster zone just to afford a home
The US is creating a system where your income determines your exposure to climate disasters. When housing becomes unaffordable in safer areas, the only available/affordable property is often in riskier locations
www.latimes.com/opinion/stor...
The US is creating a system where your income determines your exposure to climate disasters. When housing becomes unaffordable in safer areas, the only available/affordable property is often in riskier locations
www.latimes.com/opinion/stor...
Coastal flooding could bring $500bn of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels, but this could drop to $338bn if warming is capped at 1.5C
www.carbonbrief.org/asia-pacific...
www.carbonbrief.org/asia-pacific...
Asia-Pacific faces ‘$500bn-a-year’ hit from rising seas if current policies continue - Carbon Brief
Coastal flooding could bring $500bn of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels.
www.carbonbrief.org
December 3, 2025 at 9:18 AM
Coastal flooding could bring $500bn of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels, but this could drop to $338bn if warming is capped at 1.5C
www.carbonbrief.org/asia-pacific...
www.carbonbrief.org/asia-pacific...
"the answer is not to ignore the issue altogether, as home sellers, agents and brokers would apparently like us to do. The optimal solution would be for FEMA to -at long last- update its own flood maps, which are publicly available but have vastly underestimated the real risks for years."
Lede of the week, from @markgongloff.bsky.social :
"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."
🎁🔗 www.bloomberg.com/opinion/arti...
"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."
🎁🔗 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 5:08 PM
"the answer is not to ignore the issue altogether, as home sellers, agents and brokers would apparently like us to do. The optimal solution would be for FEMA to -at long last- update its own flood maps, which are publicly available but have vastly underestimated the real risks for years."
Reposted by Climate Risk Economics
Today, @madisoncondon.bsky.social makes the case that we should stop thinking of climate change as an externality.
The latest in our series on @alybatt.bsky.social's *Free Gifts: Capitalism and the Politics of Nature.*
The latest in our series on @alybatt.bsky.social's *Free Gifts: Capitalism and the Politics of Nature.*
Is Climate Change an Externality?
Environmental harms are often cast as externalities, even by those seeking to emphasize their urgency. Yet the major modern environmental statutes, written before America'
lpeproject.org
December 1, 2025 at 4:13 PM
Today, @madisoncondon.bsky.social makes the case that we should stop thinking of climate change as an externality.
The latest in our series on @alybatt.bsky.social's *Free Gifts: Capitalism and the Politics of Nature.*
The latest in our series on @alybatt.bsky.social's *Free Gifts: Capitalism and the Politics of Nature.*
"The first climate lawsuit to focus on insurance costs":
Two Washington state residents are suing the fossil fuel industry for contributing to climate change, arguing that a spike in natural disasters has led to rising homeowner insurance premiums.
www.eenews.net/articles/law...
Two Washington state residents are suing the fossil fuel industry for contributing to climate change, arguing that a spike in natural disasters has led to rising homeowner insurance premiums.
www.eenews.net/articles/law...
Lawsuit against oil majors is first to target rising insurance costs
Washington state residents say the industry misled consumers about fossil fuel dangers and “precipitated a home-owners insurance crisis."
www.eenews.net
December 2, 2025 at 4:35 PM
"The first climate lawsuit to focus on insurance costs":
Two Washington state residents are suing the fossil fuel industry for contributing to climate change, arguing that a spike in natural disasters has led to rising homeowner insurance premiums.
www.eenews.net/articles/law...
Two Washington state residents are suing the fossil fuel industry for contributing to climate change, arguing that a spike in natural disasters has led to rising homeowner insurance premiums.
www.eenews.net/articles/law...
Reposted by Climate Risk Economics
In the latest edition of The Dispatch:
🌳 Forest loss could trigger shocks worse than 2008
🏦 Researchers propose G-SINS: systemically important natural systems
🌍 COP30 recap, G20 dollar reform push
🌦️ Africa’s climate insurance gap widens
Subscribe:
🌳 Forest loss could trigger shocks worse than 2008
🏦 Researchers propose G-SINS: systemically important natural systems
🌍 COP30 recap, G20 dollar reform push
🌦️ Africa’s climate insurance gap widens
Subscribe:
Newsletter
greencb.co
December 2, 2025 at 11:05 AM
In the latest edition of The Dispatch:
🌳 Forest loss could trigger shocks worse than 2008
🏦 Researchers propose G-SINS: systemically important natural systems
🌍 COP30 recap, G20 dollar reform push
🌦️ Africa’s climate insurance gap widens
Subscribe:
🌳 Forest loss could trigger shocks worse than 2008
🏦 Researchers propose G-SINS: systemically important natural systems
🌍 COP30 recap, G20 dollar reform push
🌦️ Africa’s climate insurance gap widens
Subscribe:
Over one-half of institutional investors say climate resilience is a “core part” of their risk-return analyses of potential investments in infrastructure and real estate, a survey of over 900 firms by Morgan Stanley shows
www.morganstanley.com/insights/art...
www.morganstanley.com/insights/art...
www.morganstanley.com
December 2, 2025 at 11:13 AM
Over one-half of institutional investors say climate resilience is a “core part” of their risk-return analyses of potential investments in infrastructure and real estate, a survey of over 900 firms by Morgan Stanley shows
www.morganstanley.com/insights/art...
www.morganstanley.com/insights/art...
New @nber.org paper ponders "who bears the burden of climate inaction":
"Although we consider only a subset of climate costs over recent decades, we find an aggregate annual cost averaging $400-900 per household; in 10 percent of counties, costs exceed $1,300 per household"
(1/2)
"Although we consider only a subset of climate costs over recent decades, we find an aggregate annual cost averaging $400-900 per household; in 10 percent of counties, costs exceed $1,300 per household"
(1/2)
December 2, 2025 at 10:30 AM
New @nber.org paper ponders "who bears the burden of climate inaction":
"Although we consider only a subset of climate costs over recent decades, we find an aggregate annual cost averaging $400-900 per household; in 10 percent of counties, costs exceed $1,300 per household"
(1/2)
"Although we consider only a subset of climate costs over recent decades, we find an aggregate annual cost averaging $400-900 per household; in 10 percent of counties, costs exceed $1,300 per household"
(1/2)
Climate Change Is Already Costing U.S. Households Up to $900 Per Year
A new working paper from a trio of eminent economists tallies the effects of warming — particularly extreme weather — on Americans’ budgets
heatmap.news/economy/clim...
A new working paper from a trio of eminent economists tallies the effects of warming — particularly extreme weather — on Americans’ budgets
heatmap.news/economy/clim...
Climate Change Is Already Costing U.S. Households Up to $900 Per Year
A new working paper from a trio of eminent economists tallies the effects of warming — particularly extreme weather — on Americans’ budgets.
heatmap.news
December 2, 2025 at 10:14 AM
Climate Change Is Already Costing U.S. Households Up to $900 Per Year
A new working paper from a trio of eminent economists tallies the effects of warming — particularly extreme weather — on Americans’ budgets
heatmap.news/economy/clim...
A new working paper from a trio of eminent economists tallies the effects of warming — particularly extreme weather — on Americans’ budgets
heatmap.news/economy/clim...
Zillow deletes climate risk data from listings after complaints it harms sales
=> many buyers will be “flying blind” in an era when worsening impacts of extreme weather are warping the real estate market in the US
www.theguardian.com/environment/...
=> many buyers will be “flying blind” in an era when worsening impacts of extreme weather are warping the real estate market in the US
www.theguardian.com/environment/...
Zillow deletes climate risk data from listings after complaints it harms sales
Site deletes feature after real estate agents and some homeowners say scores appear arbitrary and hurt sales
www.theguardian.com
December 2, 2025 at 10:05 AM
Zillow deletes climate risk data from listings after complaints it harms sales
=> many buyers will be “flying blind” in an era when worsening impacts of extreme weather are warping the real estate market in the US
www.theguardian.com/environment/...
=> many buyers will be “flying blind” in an era when worsening impacts of extreme weather are warping the real estate market in the US
www.theguardian.com/environment/...
Climate Adaptation: The Smart Investment Many Companies Aren’t Making
Investors want proof of climate readiness: How are you preparing for rising seas, hotter summers and stressed grids? Companies without firm answers risk losing access to capital...
www.forbes.com/councils/for...
Investors want proof of climate readiness: How are you preparing for rising seas, hotter summers and stressed grids? Companies without firm answers risk losing access to capital...
www.forbes.com/councils/for...
Climate Adaptation: The Smart Investment Many Companies Aren’t Making
Institutional investors are no longer satisfied with carbon pledges; they want proof of climate readiness.
www.forbes.com
December 1, 2025 at 5:28 PM
Climate Adaptation: The Smart Investment Many Companies Aren’t Making
Investors want proof of climate readiness: How are you preparing for rising seas, hotter summers and stressed grids? Companies without firm answers risk losing access to capital...
www.forbes.com/councils/for...
Investors want proof of climate readiness: How are you preparing for rising seas, hotter summers and stressed grids? Companies without firm answers risk losing access to capital...
www.forbes.com/councils/for...
Efforts to hold the fossil fuel industry accountable for the climate emergency continued in Washington state this week as homeowners sued oil giants and a trade association over their decades of lies and rising insurance premium rates. www.commondreams.org/news/insuran...
Washington Homeowners Sue Big Oil Over Soaring Insurance Costs | Common Dreams
Washington homeowners sued Big Oil over climate lies and rising insurance rates.a
www.commondreams.org
December 1, 2025 at 5:10 PM
Efforts to hold the fossil fuel industry accountable for the climate emergency continued in Washington state this week as homeowners sued oil giants and a trade association over their decades of lies and rising insurance premium rates. www.commondreams.org/news/insuran...