Jul 30, 2021
In mid-July 2021, the heaviest rainfall in a century triggered
intense flash floods and inundated several towns in Germany, the
Netherlands and Belgium, causing at least 188 deaths. The floods in
Europe are a reminder that although emerging markets are likely to
be hit hardest by a temperature rise, richer countries in the
northern hemisphere are far from immune from the effects of severe
weather.
In this episode, we talk with experts to understand the
biggest climate risks facing Europe's biggest economies, analyzing
physical risk data from S&P Global Trucost.
Guests on the episode include Irene Lauro, an economist with
asset manager Schroders; and Swenja Surminski who leads adaptation
research at the Grantham Research Institute on Climate Change and
the Environment at the London School of Economics. And we talk to
Berenberg Bank analyst Michael Huttner about how the floods could
impact insurance companies.