{"id":3218,"date":"2023-01-09T09:59:35","date_gmt":"2023-01-09T09:59:35","guid":{"rendered":"https:\/\/climateadaptationservices.com\/article-on-improving-physical-climate-risk-assessments-for-real-estate\/"},"modified":"2023-09-14T09:06:34","modified_gmt":"2023-09-14T09:06:34","slug":"article-on-improving-physical-climate-risk-assessments-for-real-estate","status":"publish","type":"post","link":"https:\/\/climateadaptationservices.com\/en\/article-on-improving-physical-climate-risk-assessments-for-real-estate\/","title":{"rendered":"Article on improving physical climate risk assessments for real estate"},"content":{"rendered":"\t\t
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Article on improving physical climate risk assessments for real estate <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Publications<\/span>\u00a0<\/span><\/p>\n

By Felix van Veldhoven<\/span>\u00a0<\/span><\/p>\n

09 \/ 01 \/ 2023<\/span>\u00a0<\/span><\/p>\n

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Climate change is a systemic risk for the financial sector. The effects of climate change can throw the financial system out of balance, which can have serious negative consequences for the economy. It is therefore important for parties in the financial sector to investigate the risks of climate change.\u00a0<\/span>\u00a0<\/span><\/p>\n

More and more companies are reporting on climate-related risks. So far, they have emphasized transition risks. Transition risks are all costs arising from the transition to a sustainable and climate-resilient economy. It is important to also gain more insight into physical climate risks and thus contribute to a climate-resilient built environment. We call such an investigation a physical climate risk assessment.<\/span>\u00a0<\/span><\/p>\n

In the article <\/span>Making physical climate risk assessments relevant to the financial sector<\/span><\/a>, we make a number of recommendations to improve physical climate risk assessments for the financial sector. We make these recommendations based on interviews with decision-makers, several Dutch case studies and literature research. Here, we have limited ourselves to the real estate sector.<\/span>\u00a0<\/span><\/p>\n <\/div>\n

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Physical climate risk assessments provide important information on real estate<\/h3>\n

The interviews revealed that climate risk assessments provide important information for real estate parties. For instance, a climate risk assessment supports investors to determine which real estate properties are potentially at risk from climate change and how much money is needed to mitigate the potential impacts. Also, information on climate risks helps in investment decisions. Moreover, a climate risk assessment provides an important basis for adaptation strategies.<\/span>\u00a0<\/span><\/p>\n

Five focal points for a good climate risk assessment<\/h3>\n

In the article, we list five focal points that are important for a climate risk assessment.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n