Climate Risk Assessment

Nowadays, many regions worldwide cope with challenges such as extreme air temperatures, severe windstorms, and droughts. In many parts of the world, already at present, heatwaves kill more people than any other natural hazard, and there is a strong tendency for this phenomenon to increase. In the future, due to climate change, many areas of the planet will face different environmental challenges. The changes in meteorological phenomena frequency and severity as well as altering environmental conditions will increase economic damage, affect the health and even endanger the lives of parts of the global population.

Organisations therefore need to start considering the impact of climate change in both their strategic plans and their daily operations. Due to the inherent uncertainty of climate change scenarios, they must anticipate and manage their exposure to climate-related risks. Already today, large companies are asked to assess the climate risk at their headquarters and locations with significant sales relevance.  In some countries, such as in the EU, such risk assessments will become mandatory starting in 2023. This demand is expected to increase in the future due to the ongoing climate change and to the economic benefits of preventive actions such as mitigation or adaptation.

Reports

meteoblue is one of the first companies to offer location-specific climate risk assessment reports to evaluate the potential risk in the future related to climate change based on scientific models, in an easy-to-understand format and at very affordable prices, to make such assessments rapidly available to customers at large. 

meteoblue distinguishes between a “CDP Report" covering three different climate dimensions, namely heat stress, flood, and wildfire, and an “EU Taxonomy Report” covering 30 climate dimensions for the categories temperature, water, wind, and solid mass. 

To get more information about our two reports, explore the following links:

Data sources

The climate risk reports are available for any location worldwide and are based on official Intergovernmental Panel on Climate Change (IPCC) climate model data, post-processed with special models developed by meteoblue. As IPCC data do not fully resolve the interannual variability of specific variables, we combine its data with the 43-year long ERA5 reanalysis forecast model from the European Centre for Medium-Range Forecasts (ECMWF). Thus, we add the variability of the reference period to the current and future climate.

Proxy variables such as “wildfire risk”, “flood risk”, and more are evaluated using detailed local information retrieved from other external datasets. For climate dimensions whose uncertainty is too high, and no clear statements can be made about the future evolution, general risk descriptions are given.