Climate Change
Assess the impact climate change will have on all aspects of your business. Now and in the future.
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Overview
Changing weather patterns and frequent natural disasters have increased environmental concerns. As a result, mitigation and adaptation have become a major priority for policymakers and business leaders. Our unique climate scenarios and research will help you translate the impact climate change will have on the global economy, different countries and sectors, and subsequently on your business.
About the Global Climate Service
Global Climate Scenarios
Includes several pre-defined scenarios and a baseline covering a wide range of potential climate risks facing the world today.
Macroeconomic climate research
Monthly research on key climate issues such as mitigation policy, global warming, technology and more.
Global climate databank
Access to detailed macroeconomic and climate change metrics, with data out to 2050.
Expert support
Talk to our team of economists who monitor, analyse and measure climate change risks.
Benefits
The Global Climate Service will help you assess the impact of climate change on your business outlook, helping inform your decision-making for now and in the future.
Risk assessment
Our forecasts and research will enable you to effectively evaluate the impact climate will have on your business outlook. This will enable you to allocate resources efficiently and identify activities that can reduce your exposure to climate change.
Strategic planning
Our scenario analysis and research will help you evaluate how the world’s economic landscape could evolve under various climate scenario narratives. Scenarios provide a structure to strategic conversations about your company’s future and help you understand the robustness of your financial plans.
Reporting
The climate databank will allow you to monitor the external environment and report on climate-related financial risks in order to meet environmental, social and governance standards.
Temperature volatility comes at a price to worldwide growth
Pioneering research has used panel econometric techniques to estimate the economic impact of average temperatures. Building on that approach, we show that temperature anomalies from historical norms may be more consequential economically than average temperature levels.
“We wanted to bring our climate assumptions and scenarios more in line with those used by central banks in their climate stress test analysis, so we have worked with Oxford Economics to apply their climate macro model to our productivity, GDP and inflation forecasts.
Oxford Economics has always been available to respond to our queries and provided insightful explanations for the impact of carbon pricing on macroeconomic activity in their model. We are very satisfied with their rigorous approach in modelling climate change and are happy to have collaborated with them.”
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Recent Releases
Multilateral Development Banks for Global Public Goods
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Deep Green: How data, technology and collaboration will drive the next phase of sustainability in business
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Brochure
Global Climate Service Brochure
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