Climate change presents significant financial risks and economic consequences, categorized into two main types: physical risks and transition risks. Both types pose profound challenges to economies and financial systems globally. Understanding and addressing these risks through strategic adaptation and proactive measures are crucial for building resilient economies capable of withstanding the challenges posed by climate change. #ClimateRisk #FinancialRisk #EconomicConsequences #Sustainability #ClimateChange #AdaptationStrategies #windhives
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How does climate change influence economies worldwide? This CBS News video article provides a compelling exploration of the intricate relationship between environmental shifts and financial stability. From disruptions in agriculture to the rising costs of disaster management, climate change continues to reshape the global economic landscape. As we navigate these challenges, sustainable solutions like carbon credit programs and green investments offer a path to resilience. Follow us for more info & visit www.co2bank.asia today to be part of the change! *Credit CBS NEWS #CarbonBank #CBSNews #SustainableEconomy #EconomicImpact #GlobalSustainability Click the link below to read the full video: https://lnkd.in/gcc_S7aX
How climate change impacts the economy
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With public and commercial investment in resilience on the rise, society is facing complex challenges such as aging infrastructure, climate change, and social issues. We see these challenges as opportunities to create innovative solutions that have a positive impact. Learn how we’re reimagining resilience: https://lnkd.in/dP4Xt_EH #EarthDay2024 #ClimateAction #Consulting
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Climate change impacts the economy by causing damage and increasing costs. Investing in green technologies and sustainable practices can boost economic growth and create jobs. Adapting to climate change is crucial for long-term economic stability and resilience. Click on the link :point_down:to read more about this important topic from the article written by the International Monetary Fund (IMF). https://lnkd.in/dzcUFiRz #ClimateChange #GreenEconomy #Sustainability #ClimateAction #FutureReady
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"The Economic Alarm of Climate Change: Climate change is no longer a distant threat; it's a harsh reality that's already transforming our planet and our economies. Rising temperatures, intensifying natural disasters, and unpredictable weather patterns are disrupting industries, destroying infrastructure, and threatening the very foundations of our global economy. In this post, we'll examine the far-reaching consequences of climate change on: - Global supply chains and trade - Economic growth and development - Financial markets and investment - Business operations and risk management - Human capital and migration It's time to acknowledge the economic alarm of climate change and join forces to mitigate its impact. Let's discuss the urgent need for sustainable practices, climate resilience, and collective action to ensure a livable future for all. #ClimateChange #GlobalEconomy #Sustainability #EconomicImpact #BusinessResilience #ClimateAction #RenewableEnergy #EcoFriendly Thankyou 😊
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Show Your Stripes: A Call for Climate Action 21 June marks #ShowYourStripes day (an initiative by Ed Hawkins), a powerful visual reminder of the warming our planet is experiencing. Each stripe represents the average temperature for a year, and the trend is unmistakable. The warming stripes aren't just a scientific visualisation – they're a call to action. A reminder of the importance for us to: 1) Integrate climate risk into investment and lending decision-making 2) Finance for climate solutions need our backing 3) Client and stakeholders engagements are critical, we need to share knowledge and collaborate on climate action Our commitment to building a sustainable future is how we can demonstrate our promise of a better tomorrow for future generations. #ClimateAction #Sustainability #Banking #ShowYourStripesDay #ForFutureGenerations #LaterIsTooLate https://lnkd.in/dSe3eykh
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Climate risk is financial risk. $38 Trillion a Year in damages due to climate by 2049 is Bloomberg's latest estimation (https://lnkd.in/eQ435yHE). We have committed to an income reduction of 19% within the next 26 years (https://lnkd.in/erCfb9Gm). In fact, if we had acted to mitigate climate risk earlier, the cost of mitigation would have been less than the committed damage. The other side of risk is opportunity - commit to climate transition and resiliency action and not income reduction.
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In recent years the Physical Risk Analysis has gained importance from a #riskadministration stand point, due to the exposure of almost a third of the economic sector, also because of it's relevancy for the top ESG Disclosure frameworks. Please check this amazing abstract published by our sustainability division #esginvesting, #ESGRisk, #ESGReporting
Physical climate risks are on the rise, but progress on adapting to them still varies, leaving some financial and nonfinancial corporates vulnerable. Read this research article published in #SustainabilityQuarterly https://okt.to/Tw2RJ6
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Physical climate risks are on the rise, but progress on adapting to them still varies, leaving some financial and nonfinancial corporates vulnerable. Read this research article published in #SustainabilityQuarterly https://okt.to/Tw2RJ6
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While companies in the Philippines and Vietnam are already feeling the brunt of Physical Climate Risks, not all industries will be impacted equally. This underscores the critical importance of having a reliable measure of the potential financial impact of Physical Climate Risks to your operations. Check out this research article by S&P Global Sustainable1 which highlights which sectors will be most vulnerable to Physical Climate Risks. Which sector do you belong?
Physical climate risks are on the rise, but progress on adapting to them still varies, leaving some financial and nonfinancial corporates vulnerable. Read this research article published in #SustainabilityQuarterly https://okt.to/Tw2RJ6
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