The economics of climate change | Swiss Re
The Climate Economics Index stress-tests how climate risks will impact 48 countries representing 90% of the world economy and ranks their overall climate resilience. It shows all countries will be affected, but some are more vulnerable than others.
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Economies in south and southeast Asia are most vulnerable to the physical risks associated with climate change. They are also the countries that have most to gain if the world is able to rein in temperature increases. Many advanced economies in the northern hemisphere are less vulnerable, being both less exposed to adverse developments in weather patterns associated with climate change, and better resourced to cope. Climate change also poses transition risks, and once again Asia may be most impacted. Transition risks can show, for example, in large shifts in asset values and higher costs of doing business as the world moves to a low-carbon economy, and can have significant financial and economic impacts.
Physical risks
Transition risks
Climate risk is a systemic risk and can only be addressed globally. We still have an opportunity to correct course now and construct a world that will be greener, more sustainable and more resilient.
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