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Climate Risk and Response: Physical Hazards and Socioeconomic Impacts

Home » Economic Activities » Business Case for Resiliency » Climate Risk and Response: Physical Hazards and Socioeconomic Impacts

Climate Risk and Response: Physical Hazards and Socioeconomic Impacts

Home » Economic Activities » Business Case for Resiliency » Climate Risk and Response: Physical Hazards and Socioeconomic Impacts

Climate Risk and Response: Physical Hazards and Socioeconomic ImpactsClimate Risk and Response: Physical Hazards and Socioeconomic Impacts provides data and reasoning for why communities will need to put in place the right tools, analytics, processes, and governance to properly assess climate risk, adapt to risk that is locked in, and decarbonize to reduce the further buildup of risk.

This report links climate models with economic projections to examine nine cases that illustrate exposure to climate change extremes and proximity to physical thresholds. A separate geospatial assessment examines six indicators to assess potential socioeconomic impact in 105 countries. It also provides decision makers with a new framework and methodology to estimate risks in their own specific context.

The report explains seven risks of physical climate change that stand out: It is increasing; it is spatial, non-stationary, nonlinear, and its effects are systemic, regressive, and companies and communities need to be more prepared for the effects of climate change. The report draws attention to how climate change is already having significant physical impacts in regions across the world. The report includes graphs showing hows temperatures across the globe will change, and projections for precipitation as well.

The report shows how socioeconomic impacts will likely be nonlinear and have knock-on effects. Case studies in the report focus on major geographies and sectors across the globe and how they will be affected by climate chage in terms of livability and workability, food systems, physical assets, infrastructure services, and natural capital.

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The Resilience Calendar

  • UEDA 2023 Summit
    Date: October 8, 2023

    The UEDA Summit will bring together national experts in leveraging college and university resources for greater economic development and community impact. These domain experts work within higher education, the private sector, economic development organizations,…

  • Lessons Learned: How We Adapt on the Road to Climate Adaptation
    Date: October 12, 2023

    Learn from this expert panel as they reflect on the limitations and challenges they’ve encountered in a wide variety of climate change adaptation projects

    Learn more and register More details...

  • Virginia Clean Energy Summit
    Date: October 16, 2023

    The Virginia Clean Energy Summit serves as a vital forum for presenting innovative clean energy technologies, policies, and business practices that are driving the transformation of Virginia's energy sector. The main goal is to…

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