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‘Climate value at risk’ of global financial assets

susan's picture

Investors and financial regulators are increasingly aware of climate-change risks. So far, most of the attention has fallen on whether controls on carbon emissions will strand the assets of fossil-fuel companies1, 2. However, it is no less important to ask, what might be the impact of climate change itself on asset values? Here we show how a leading integrated assessment model can be used to estimate the impact of twenty-first-century climate change on the present market value of global financial assets.

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Main Topic: 
Mark Content Private(Internal): 
External URL: 
http://www.nature.com/nclimate/journal/vaop/ncurrent/full/nclimate2972.html
Email Alert: 
1-6
Publication Date: 
04/04/2016