Develops research, programs, and initiatives designed to envision and activate sustainable solutions leading to better health for individuals and communities worldwide.
John Micklethwait, Editor-in-Chief, The EconomistAna Palacio, Member, Spanish Council of State; fo
rmer Minister of Foreign Affairs, Spain George Papaconstantinou, Former Minister of Finance and former Minister of Environment, Energy and Climate Change,
The recent bouts of severe heatwaves and wildfires across the US and Europe were a stark reminder of
the very tangible impact of rising temperatures on our living environment. But the reality is that extreme weather events are not new phenomena., Incorporating physical risk exposures into analyses will be critical in enabling investors to create more resilient portfolios and helping the wider community develop robust climate adaptation strategies.
, Third, forward-looking physical risk assessments should be incorporated in the due diligence process at the individual asset level.
The world is fragmenting., Investors will reach for resilience in their portfolio construction.
, Fi
ve Macroeconomic Implications
First, higher spending in many areas, including defense, health care, energy and food security, more resilient supply chains, and climate risk mitigation and adaptation, may well support aggregate demand.