In this insightful discussion, Michael Penn from ASR Research returns to share his expertise on climate risk and its impact on financial markets. He delves into how climate-related tipping points, like rising sea levels, influence global GDP estimates. Penn also highlights the economic consequences of climate change, using droughts affecting the Panama Canal as a case study. Additionally, he examines the vulnerabilities of various sectors, including agriculture and real estate, while exploring how markets respond to the uncertainty stemming from climate risks.
