Consulting* with experts, of course.

Better yet: consisting with experts who know the local conditions and have the experience to interpret, adapt, and translate “global-scale” climate risk outputs to locally reliable information. Modeling quality is one, local applicability is another. Above all, honest communication is essential!

IMO - this should become part of any regular due diligence in the real estate business. Of course, accurate information is important, but climate risk models are hard to interpret, subject to large uncertainties, and risks hard to communicate (probability vs risk vs occurrence vs intensity).

As both banks and insurance industry will start to use v granular information for their decision making, too, (which will impact people living or buying in the most vulnerable places most), it is becoming increasingly important for individuals to be informed on climate risks.

Happy to share our experience organizing the 2022 Firn Workshop! @tridatta.bsky.social