In a report released by Ceres and CLIMAFIN titled “Financing a Net Zero Economy: The Consequences of Physical Climate Risk for Banks,” the companies outline detailed recommendations to guide the banking industry in handling the physical risk posed by climate change.
To develop the report, the two companies used natural catastrophe and credit risk models adjusted for climate effects, downscaled macroeconomic data, and publicly available information on syndicated loans from major U.S. Banks.
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