Evidence map›Paper›PMID 38951521›Full record

ArticleNature communications2024

Asset-level assessment of climate physical risk matters for adaptation finance.

Giacomo Bressan, Anja Đuranović, Irene Monasterolo, Stefano Battiston

Abstract read
In one paragraph

Article in Nature communications, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 5 papers.

0numbers the graph read from it
0cells of the map it votes in
5citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

5 citing papers in PubMed.

  1. Article
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4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

4 authors.

Giacomo BressanInstitute for Ecological Economics, Vienna University of Economics and Business, Vienna, Austria.
Anja ĐuranovićUtrecht University School of Economics, Faculty of Law, Economics and Governance, Utrecht University, Utrecht, The Netherlands.ORCID http://orcid.org/0000-0003-0945-4984
Irene MonasteroloInstitute for Ecological Economics, Vienna University of Economics and Business, Vienna, Austria. i.monasterolo1@uu.nl.ORCID http://orcid.org/0000-0001-5423-6009
Stefano BattistonDepartment of Banking and Finance, University of Zurich, Zurich, Switzerland. stefano.battiston@df.uzh.ch.ORCID http://orcid.org/0000-0002-0051-973X

Funding

EC | Horizon 2020 Framework Programme (EU Framework Programme for Research and Innovation H2020) 821010
6 · The paper itself

Abstract

Climate physical risk assessment is crucial to inform adaptation policies and finance. However, science-based and transparent solutions to assess climate physical risks are limited, compounding the adaptation gap. This is a main limitation to fill the adaptation gap. We provide a methodology that quantifies physical risks on geolocalized productive assets, considering their exposure to chronic and acute impacts (hurricanes) across the scenarios of the Intergovernmental Panel on Climate Change. Then, we translate asset-level shocks into economic and financial losses. We apply the methodology to Mexico, a country highly exposed to physical risks, recipient of adaptation finance and foreign investments. We show that investor losses are underestimated up to 70% when neglecting asset-level information, and up to 82% when neglecting tail acute risks. Therefore, neglecting the asset-level and acute dimensions of physical risks leads to large errors in the identification of adaptation policy responses, investments and finance tools aimed to build resilience to climate change.

Identifiers

PMID38951521
PMCPMC11217445

What OpenQuestion holds

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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.