climate-related physical risks with a global Input-Output model. More specifically, climate-related GDP-at-risk data are used …-sectors around the world becomes observable. The findings suggest that direct GDP loss estimates can severely underestimate the … ultimate impact of physical risk because trade can lead to losses that are up to 30 times higher in the EA than what looking at …

-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …

Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers …