The study also found that weather events create and exacerbate risks to financial investments by causing
- direct physical impacts on the investments themselves,
- degradation of critical supporting infrastructure,
- changes in the availability of key resources,
- changes to workforce availability or capacity,
- changes in the customer base,
- supply chain disruptions,
- legal liability,
- shifts in the regulatory environment,
- reductions in credit ratings, and
- additional impacts that alter competitiveness (e.g., shifts in consumer preferences).
The purpose of the study was to assist with societal decision-making by examining the implications of climate variability and change on near-term financial investments....
A weather vane in Portugal, shot by Joseolgon, Wikimedia Commons, under the Creative Commons Attribution-Share Alike 3.0 Unported license