- Extreme weather events were responsible for 90% of documented natural catastrophe loss events in 2013, causing $124.5 billion of overall losses out of the $135 billion total natural catastrophe losses.
- Worsening financial performance as a result of climate event risk can negatively impact both short-term liquidity and long-term debt financing positions, leading to an increase in credit risk.
- We think industry regulators and investors are likely to focus more closely on climate and carbon risks as an indicator of company performance and, for the latter, value.
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