Difference between revisions of "Physical Risk"
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== Issues and Challenges == | == Issues and Challenges == | ||
The definitions of physical risks vary among international organisations, central banks, supervisors, policymakers and researchers | The definitions of physical risks vary among international organisations, central banks, supervisors, policymakers and researchers | ||
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| + | == See Also == | ||
| + | * [[Transition Risk]] | ||
== References == | == References == | ||
Revision as of 15:42, 11 August 2021
Definition
Physical Risks are typically defined as risks which arise from the physical effects of climate change and environmental degradation. [1]
They can be categorised either as acute - if they arise from climate and weather-related events and an acute destruction of the environment, or chronic - if they arise from progressive shifts in climate and weather patterns or a gradual loss of ecosystem services.
Examples
Issues and Challenges
The definitions of physical risks vary among international organisations, central banks, supervisors, policymakers and researchers
See Also
References
- ↑ EBA Report: On Management and Supervision of ESG Risks for Credit Instituions and Investment Firms, EBA/REP/2021/18
