
RFI: The increasing frequency of extreme weather events will be costly for the global economy.
An article by Nathanaël Vittrant for RFI’s Aujourd’hui l’économie examines the growing economic consequences of extreme weather events and highlights the launch of Scientific Climate Ratings’ Sovereign Climate Risk Ratings as a new way to quantify climate risk at the country level.
The article explains how rising temperatures and increasingly frequent climate extremes are already affecting economic activity through lower productivity, disrupted infrastructure and reduced agricultural output. It then explores how Scientific Climate Ratings applies a forward-looking financial lens to these risks.
The article highlights several key findings from the Sovereign Climate Risk Ratings:
- Country-level economic projections estimating the impact of climate change on GDP under different climate pathways.
- Identification of the most exposed economies, including countries with high dependence on climate-sensitive sectors such as agriculture.
- Forward-looking climate risk assessments that help governments, investors and financial institutions better understand the long-term macroeconomic implications of climate change.
- Scenario-based analysis showing how economic outcomes differ depending on future warming trajectories, reinforcing the value of early climate adaptation and mitigation.
By translating climate science into measurable economic impacts, Scientific Climate Ratings aims to provide decision-makers with a clearer understanding of how climate risk is expected to affect sovereign economies over time.
Read the full article here.
