How much could climate change cost the economy?

Notes for editorsClick to show content for Notes for editorsMethodology of the reportThe Swiss Re Institute scenario analysis uses insights gained from an existing model by Moody's

How much could climate change cost the economy?

Notes for editorsClick to show content for Notes for editors

Methodology of the report

The Swiss Re Institute scenario analysis uses insights gained from an existing model by Moody's Analytics, quantifying the gradual impacts of climate change over time, and from research by the World Bank, identifying so-called "impact channels", such as the effect of rising temperatures on productivity. Swiss Re Institute's analysis incorporates the uncertainties related to the potential economic impacts of climate change under different scenarios of global temperature increase and at different levels of severity. These uncertainties include additional and typically omitted impact channels, such as potential disruptions to supply chains and trade due to climate change, as well as respective economic sensitivities. A detailed description of the methodology can be found in the report.

Swiss Re

The Swiss Re Group is one of the worlds leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk  from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

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