by risQ and DPC Data Carbon is a massive financial liability for the U.S.: Using the Biden administration’s Social Cost of Carbon (SCC) of $51 per metric ton of CO2 applied to Scope 1 emissions in the contiguous US, there is ~$294B in annual carbon transition risk liability. …

US municipal bond investors concerned with climate change as a credit and portfolio performance risk have had little data with which to drive allocations and position surveillance. But new data from risQ provides insight into borrowers’ vulnerability across multiple climate-driven threats. Comparing the risQ Score with MMA data on municipal…

● ~76% of Single-Family Residential flood risk in the US is not covered by the FEMA Special Flood Hazard Assessment (SFHA) 100-year flood zones that are also used to determine residential flood insurance requirements for government-backed home loans. ● Populations that spend the most relative income on housing are ~1.5x…

The data doesn’t lie about which path we’ve continued to choose and the climate risk we need to be ready for. Any discussion of future climate risks inevitably results in the question: “which climate scenario should I believe, RCP4.5 or RCP8.5?” At risQ, we usually tell clients to focus on RCP8.5. But why? And what are the difference? The RCPs, which is an acronym for Representative Concentration Pathways, are four different…

Population, property value and financial impairment are all correlated with climate risk, and climate change will only enhance this impact — As we’ve added clients of our climate risk and social impact data for US Fixed Income investors and stakeholders at a growing rate over the last 18 months, every new product navigates an adoption curve and common objections: “Climate risk is already priced into the market”

● Assuming a business-as-usual carbon emissions trajectory and resulting climate change in the coming decades, catastrophic wildfires are expected to be ~15% more likely on average across the U.S. by 2060, increasing annual average economic damage from wildfires by ~8%. …

For the last 18 months, we’ve been providing climate risk analytics for the entire municipal bond universe. We have rich underlying data to look at property value at risk, GDP impairment risk, and carbon transition risk, and have taken this high granularity data and simplified it down to a single…

With a heat wave currently hammering the West Coast and longer term drought conditions being felt across California, the Golden State is entering the heart of 2021 wildfire season with a badly loaded deck. The impact of climate change in the coming years means that same deck will likely deal…