Climate Risk Economics

36% Deadlier: Ragasa Exposes Why COP30 Needs to Save Asia’s Future -THINK TANK JOURNAL In the sweltering heat of late September 2025, Super Typhoon Ragasa tore through the northwestern Pacific like a harbinger of the storms to come,

36% Deadlier: #Ragasa Exposes Why COP30 Needs to Save Asia’s Future

New research finds climate change supercharged the storm’s fury, making it 36% more destructive in China

Ragasa stands as a stark indictment of inaction ahead of #COP30...

thinktank.pk/2025/10/03/3...

GreenieRe sees ‘impact insurance’ surety bonds as key to scaling climate tech Trellis Climate teamed with impact-focused reinsurer GreenieRe to launch VenSurety, an initiative that is developing “venture surety bonds” to free up liquidity for climate startups ready to scale.

This is really interesting “GreenieRe sees ‘impact insurance’ surety bonds as key to scaling climate tech: We haven’t really seen insurance as an investable asset class for impact investors. We want to create an impact investment vehicle.”

t.co/UEAsfgxQ0B?s...

Climate change made damage from Super Typhoon Ragasa significantly worse: study Around a third of the extensive damage the storm caused in southern China was the result of global warming, scientists estimate.

Climate change may have been responsible for more than a third of the direct damage to homes and property caused by super typhoon #Ragasa that struck southern China last month - new "event impact attribution" study by
@imperialcollegeldn.bsky.social

www.scmp.com/news/china/s...

What insurance data reveals about how bad wildfires are getting | CBC News Scientists tapped into 44 years of data to show how these societally destructive wildfires — ones that kill people and cause huge financial losses — are growing all across the world and are becoming m...

Now, scientists have the data to show how societally destructive wildfires — ones that kill people and cause huge financial losses — are growing all across the world and are becoming much more common because of climate change.

www.cbc.ca/news/science...

Walking the Fire Line: Australian Summer Travel Faces New Risks, Bushfire, and More You Need to Know - Travel And Tour World Australian summer travel faces new risks as bushfire threats rise. Tourists must plan smarter and adapt while still enjoying unique landscapes.

Australians and foreign tourists are now walking the fire line as climate extremes reshape plans. In many places, rising heat and sudden dry spells increase the threat of bushfire. Tourists may encounter road closures, smoke haze, or delayed itineraries...
www.travelandtourworld.com/news/article...

Study shows the world is far more ablaze now with damaging fires than in the 1980s A new study shows that the world's most damaging wildfires are happening four times more often now compared to the 1980s.

Study shows the world is far more ablaze now with damaging fires than in the 1980s

“We’re loading the dice in a sense by increasing temperatures"...

www.journalgazette.net/news/health-...

Home insurers’ latest trick: stealth increasing your deductible Millions of Americans are being hit by tighter policy terms from groups including Progressive, State Farm and Travelers

Home insurers’ "shady tactic": stealth increasing your deductible

Progressive, State Farm and Travelers are among the insurers whose fine-print changes have cut the size of payouts that millions of US policyholders can expect on damage from severe weather

www.ft.com/content/1e3d...

"Cutting rates might be the simplest and least-controversial approach to helping the climate"

"Climate disasters are increasing as the planet warms, hurting economic growth and driving up prices. That $2.7 trillion in potential housing losses is at least a localized threat to banks"...

Looking forward to the next study on the 2025 US hurricane season "Phoney War" ;)

a library... the kind of place where Trump NEVER goes

AI Drives Weather Data Demand Surge for Europe’s Top Forecaster Europe’s biggest weather forecaster is reporting record demand for its data, as energy traders, insurers, shipping lines and tech companies rush to improve the accuracy of their AI models.

"Europe’s biggest weather forecaster @ecmwf.int is reporting record demand for its data from energy traders, insurers, shipping lines and tech companies rush", as "climate change increases the intensity and frequency of extreme weather events"...

www.bloomberg.com/news/article...

Axios House: Growing climate risks challenge homeowners, insurers and communities The costs associated with climate disasters are far-reaching and sometimes indirect, speakers said at Axios House at Climate Week and the UN General Assembly.

source: www.axios.com/2025/09/29/a...

"Big Short" investor David Burt on central banks, interest rates, and climate risk:

"It's kind of ironic, because if the Fed was actually paying attention to climate risk and how it's affecting homeowners, instead of being told not to, they would probably be more accommodative..."

"In mainstream economics, dealing with climate change is an issue of trade-offs: how much growth do we sacrifice today to limit damage tomorrow?

But if tipping points are real and ecological damage is irreversible, the basis for this form of economic thinking is destroyed" - @meadwaj.bsky.social

"Food inflation has been rising also in the rest of Europe as a result of increased commodity costs, often linked to climate change events"...

The Traffic Noise Externality: Costs, Incidence and Policy Implications Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

Noise reduction benefits from EV adoption in the US estimated at $77.3 billion, concentrated among low-income families in urban areas

www.nber.org/papers/w34298

Investing in coastal real estate? Might as well bet on crypto futures. Buying a beach house may sound safer than putting your money in the crypto perpetual futures market — whatever that is! But both are risky bets.

Investing in a beach house? You’re betting—just like traders in crypto perpetual futures. There are risks you can’t control, from price swings to back-to-back climate disasters. In 2025, it's closer to speculating than you might think. open.substack.com/pub/susanpcr...

Europe’s bill for extreme weather damage more than doubles this decade Average economic losses associated with weather including intense floods have soared, according to European agency

Europe’s bill for extreme weather damage more than doubles this decade

average annual economic losses amounted to €44.5bn between 2020 and 2023

this report comes as the EU is struggling to adopt its 2040 climate goal...

www.ft.com/content/b119...

When groceries bite: the role of food prices for inflation in the euro area The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...

ECB blog: "When groceries bite: the role of food prices for inflation in the euro area"

"increases in labour costs and in global food commodity prices partially linked to climate change have played an important role in pushing up food inflation"

www.ecb.europa.eu/press/blog/d...

The burden of proof has flipped: why is nature not material to your business? Earlier this year, the first wave of corporate reports under the EU’s Corporate Sustainability Reporting Directive (CSRD) quietly revealed a troubling trend. Fewer than 40% of companies identified nature-related issues – such as pollution, water scarcity and biodiversity loss – as material to their business. This isn’t just a bureaucratic oversight. It is a systemic risk hiding in plain sight.

“The burden of proof has flipped: why is nature not material to your business?…The future of risk management lies in recognising the natural world not as an externality, but as infrastructure, and pricing and valuing it accordingly.”

www.reuters.com/sustainabili...

... whereas "adhering to Paris Agreement goals could generate a modest 0.25% global benefit compared to scenarios where temperatures continue rising at historical rates"

Projected country-level impacts:
Canada -31%
US, South Africa -28%
Sweden -20%
Finland -18%
Norway -17%

Climate change to cost world 25% of GDP per capita by 2100: Study A study warns that unchecked climate change could lead to a global GDP loss of up to 24% by 2100, affecting all countries, rich and poor.

New study led by Cambridge's Kamiar Mohaddes finds unchecked climate change could lead to a global GDP per capita loss of up to 24% by 2100, affecting all countries, rich and poor, hot and cold

#CostOfInaction

www.hindustantimes.com/india-news/c...

NGFS Secretary General Yann Marin on Climate Risks Secretary General of the Network for Greening the Financial System Yann Marin speaks with Bloomberg's Paul Sweeney and Tom Keene at the Bloomberg Global Forum about climate risks. (Source: Bloomber...

NGFS Secretary General:

"Central banks are no longer questioning the importance of climate risks in their mandate"

(well, except one...)

"It's a core element of our mandate to assess financial stability risks, and climate risk is definitely one"

www.bloomberg.com/news/videos/...

Des dirigeants du monde entier répondent à Trump et montrent qu’ils poursuivent la bataille climatique A l’issue du sommet climat organisé par l’ONU, plus de 100 pays, dont la Chine, ont publié, ou ont promis de le faire d’ici à la COP30, de nouveaux engagements de réduction de CO₂. Un tour de force da...

Tour à tour, à la tribune de l'ONU hier, une centaines de pays se sont employés à montrer qu'ils restent engagés contre la crise climatique. A Donald Trump qui l'a qualifiée d'"arnaque", ils ont opposé une « question de survie », de « sécurité », de « prospérité » ⤵️ www.lemonde.fr/planete/arti...

Bank of England urged to do more to tackle climate crisis Environmental groups mark 10 years since Mark Carney’s ‘short-term horizons’ speech with plea to act ‘while there’s still time’

Bank of England urged to do more to tackle climate crisis
10 think tanks and NGOs call for a review of monetary policy given the increasing frequency of climate-related shocks, for which monetary policy is "ill-equiped"...
www.theguardian.com/business/202...

and he can just remove the wheels and do boat racing each time the dried lake gets flooded... smart adaptation, no doubt!

Global factors are driving high food prices in Denmark and abroad Developments in food prices have a major impact on the price changes that Danes experience in their daily lives. Food and non-alcoholic beverages are purchased frequently and in predictable patterns, ...

Central Bank of Denmark: "extreme weather conditions linked to climate change, such as droughts and floods, have reduced global food production", resulting in "large increases in food prices (that) are driving up inflation"

www.nationalbanken.dk/en/news-and-...

Investor David Burt warns about climate-related insurance impacts "Insurers are starting to hike premiums, and some lenders are starting to think about increasing insurance requirements."

Climate change is causing "a major paradigm shift" in real estate markets due to the impact on insurance, says investment guru David Burt, who predicted the 2008 financial collapse...

The Fed "should focus on the markets where home prices are falling"...

www.axios.com/2025/09/23/d...

What Trump said are the well-worn and often rebutted lies of the fossil fuel lobby, whose lies are the greatest con job ever perpetrated on the world.
If you hear such climate science denial tropes, the answers to all of those can be found at skepticalscience.com

Why stronger 2030 targets along with 1.5°C-aligned 2035 targets are… Both stronger 2030 targets and 1.5°C-aligned 2035 NDCs are needed to keep 1.5°C alive, argues this briefing. Without both, we risk overshooting the 1.5°C limit higher and longer, crossing dangerous ti...

🚨 NEW Brief: stronger 2030 targets AND 1.5-aligned 2035 NDCs needed to keep 1.5°C alive

We show that without both, we face the prospect of prolonged overshoot of the warming limit that could trigger dangerous, irreversible climate tipping points.