This includes distinguishing between physical and transition risks, scenario analysis, modelling approaches, and economic evaluation tools as well as discussing and understanding the key challenges involved.
A summary of a virtual workshop that Ipieca hosted on 'Approaches to estimating financial impacts of climate change' is now available. This was the third virtual workshop in a series on climate change adaptation and resilience.
The purpose of the workshop was to:
- Build an understanding around the importance of and latest developments for estimating the financial impacts of climate change
- Highlight the insurance industry’s perspective on companies’ financial impacts assessments of climate change
- Explore approaches, methodologies and challenges related to estimating the financial impacts of climate change
- Review a member case study from Shell – ‘An approach to developing guidance on climate adaptation’
- Identify future work for the task force and Ipieca
