bullish

Incorporating Climate Change into Economic Scenarios

511 Views02 Jun 2023 04:16
SUMMARY
  • Climate change, a pressing concern in the socio-economic landscape, is shifting from environmental to economic challenge; integrating climate risks into economic forecasting and strategic planning is critical.
  • Approaches for incorporating climate risk into scenario analysis include bottom-up, top-down, and hybrid methodologies.
  • Scenario modelling provides insight into potential futures based on emission levels. Despite complexity, incorporating climate change into economic scenarios is doable with available resources, data, and expertise.
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