Hurricanes. Floods. Wildfires. Heat waves. Extreme weather events–and climate-related risks–are increasingly becoming talk on the street. But until recently it has been difficult to pinpoint what such risks mean to investment portfolios. Good news: Advances in data and climate science now allow us to assess the climate-related financial risks–down to a localized level. We now can analyze the overall economic impact of climate-related risks on a region in the U.S. Researchers across BlackRock have used data from Rhodium Group to estimate potential direct financial damages, as well as indirect effects such as the ... (full story)