The idyllic summer vacation in Greece became a nightmare as wildfires ravaged the country last week. The wildfires inflicted damage on the tourist industry, local businesses and security infrastructure. Why is preparedness essential amid escalating climate change impacts, including wildfires?
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Thought leadership by Climate X
The housing market is experiencing instability, and the effects of climate change further complicate matters for potential homebuyers. Disregarding climate risks when investing in properties can have dire consequences over time. Therefore, why is it crucial for real estate companies that homebuyers consider climate risks in their decision-making process?
France is in the throes of a relentless drought. With the driest winter in 60 years, strict water restrictions are in place. Rising temperatures will impact Bordeaux, Lyon, Rennes, and Strasbourg. How far will this dry spell stretch its grip on the country?
Severe floods shook several Northern European countries in mid-July 2021. Affecting several river basins, the floods caused €46 billion in damages and inflicted over 300 fatalities. 2 years on - how can stakeholders be better prepared for another extreme flood event?
The experienced board director, c-suite executive and advisor for commercial real estate, Craig Robinson, joins the senior leadership team at Climate X.
The Tour de France not only showcases the endurance and skill of its athletes but also serves as a stark reminder of the future climate risks France faces. As riders traverse the country's diverse landscapes, they witness first-hand the vulnerability of these regions to extreme weather events, highlighting the urgent need for climate action.
From France to the Czech Republic, Europe’s real estate has been experiencing volatility. Compounded by increasingly frequent and severe climate-related hazards, how will climate risks pressure Europe’s real estate prices, and what does it mean for the real estate industry?
The U.S. real estate market, valued at $45.3 trillion, faces a noticeable cooldown as national residential sales plummet by 23.2% compared to last year. The looming threat of climate change and related hazards, coupled with the potential migration of homeowners inland, poses significant risks to real estate assets and requires proactive measures to mitigate climate impact and ensure long-term resilience.
Known as the garden of Europe, Spain has long grappled with high temperatures. But climate change is intensifying and prolonging droughts. As a result, Spain faces critical water shortages, dramatically affecting different industries. How will these and future droughts impact Spain’s and Europe’s industries?
Natural catastrophe losses are on the rise globally, and hurricanes account for a significant proportion of them. Hurricane risk impacts several industries, including insurance and real estate. What is this climate-related risk's long-term loss potential?
The physical impacts of climate change are here to stay, and entities are driven to adapt to climate change. At this point, adaptation is an exercise of uncertainty that can go wrong. What does that look like?
The U.S. Treasury's Federal Insurance Office (FIO) aims to improve data availability for US insurance sector to assess climate risks, as natural disasters with over $1 billion losses become more prevalent.
The Earth’s climate has permanently changed throughout history, but climate risks pose growing threats to the world... but is the pace of change too fast for firms to keep up with?
