How Does Climate Change Affect Our Future - absolutely
Video: What is Climate? Climate Change, Lines of Evidence. Seven consecutive videos. Video 1 What is Climate? Climate Change, Lines of Evidence: Chapter 1. The National Academy of Sciences has produced this video to help summarize what is known about climate change. How Does Climate Change Affect Our FutureHow Does Climate Change Affect Our Future Video
Climate Change and HealthThe journey to net zero: what does climate pressure mean for real estate investors?
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Social Sharing Article 2 - content It has become commonplace for all sorts of institutions, from governments to corporates and non-profit organizations, to make Futurre to reduce carbon emissions. Transition risk refers to the potential financial costs associated with reducing carbon intensity or the potential hit to asset values of not doing so.
The opportunities are those benefits that may accrue to owners of assets that could experience increased demand, revenue and hence value. Whether it is regulators forcing building owners to internalize costs to curb emissions, tenants shunning inefficient properties powered by polluting energy sources, or investors keen to click cleaner portfolios, the pressure to address climate risks is ubiquitous. Investors worldwide and across asset classes have, in recent years, been increasingly looking at their portfolios through a climate risk lens.
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This sentiment is also true of real estate investing, but before one can price the risk associated with transition one needs to know the starting point from which one is transitioning! In private markets like real estate, accessing such data in a consistent and coherent way is easier said than done. It Takes Data Collection Detailed modelling of physical risk from climate change - its potential impact on weather patterns and the incidence and intensity of natural disasters - is in no way a trivial task. Layering on the financial implications of these potential changes only adds to the complexity.
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Such models only require the geographical location of properties and their capital values Hos their owners, which are generally easily accessible. But to most accurately assess the transition risk of a private real estate portfolio generally takes more effort from the owner or manager to collect as much detailed data as possible about the emissions of every property in the portfolio.
It is one thing to get energy use details from a shopping mall operator, for instance. But to gather the data points for all the different tenants — those that leave lights on overnight and those that use energy efficient light bulbs; those that crank up the air conditioner, operating over long hours and those that are already paying a premium for clean energy — that is a Ojr task.
Even where a concerted effort is made to collect such information, it is not always possible to ensure full portfolio coverage.]
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