Physical climate risk refers to the potential damage and loss caused by extreme weather events and long-term shifts in climate patterns. These risks can manifest in various ways, including increased frequency and intensity of storms, sea-level rise, droughts, and heat waves. As the Earth’s climate changes, these risks are becoming more pronounced and threatening to communities, economies, and ecosystems.
One of the most significant physical climate risks is the increased intensity of extreme weather events, such as hurricanes, floods, and wildfires. These events can cause widespread destruction of infrastructure, leading to significant economic and social costs. Sea-level rise is another major climate risk, potentially inundating coastal areas and displacing millions of people.
In addition to these acute risks, long-term climate pattern shifts can pose significant challenges. For example, droughts can threaten water supplies, while higher temperatures can increase the prevalence of heat-related illnesses and place a strain on energy resources.
Addressing physical climate risk requires concerted efforts to reduce greenhouse gas emissions and adapt to the changing climate. This includes:
- Investing in resilient infrastructure;
- Implementing sustainable land-use practices, and;
- Promoting policies that prioritize climate resilience.
By actively addressing physical climate risk, we can mitigate the potential damage and build communities that are better prepared for the challenges of a changing climate.
ClimaTwin® is a leading climate risk intelligence solution for infrastructure assets and the built environment.
We empower infrastructure stakeholders to mitigate climate risks and assess adaptation actions across the total asset lifecycle. By connecting complex climate models and infrastructure digital twins, our solution enables engineers, owner-operators, and governments to aggregate, visualize, and analyze disparate datasets, revealing site-specific insights at a hyper-local scale. Benefits include 5-10x near-term returns and lifetime cost-avoidance by mitigating risks to systems, services, and societies.
To learn more about climate risk intelligence for your infrastructure assets, please visit www.climatwin.com today.
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