Physical climate risk has emerged as a prominent threat to the financial sector and the global economy. Understanding investments exposure to risk from climate hazards is a critical step toward building resilience.
Disasters can damage or entirely destroy bridges and cause widespread destruction and social mayhem. But factoring risk into design and maintenance can help ensure the safety of the millions of people who cross bridges on a daily basis.
Disasters can impact electric grids with damaging economic, environmental, and public health consequences. Grid resilience can help ensure that power disruptions are minimal and do not affect critical services.
When disasters disrupt port operations, they can cause significant economic losses on a global scale. Adapting ports to a changing climate and investing in disaster resilience is critical to reduce the economic impacts from catastrophic events.
Access disruptions on roads following a disaster can cause significant social and economic losses. Risk informed infrastructure investment is critical to ensure the construction and maintenance of resilient road networks.