Climate Change Modelling and Impacts on Your Business

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1 MIN

A new idea from Razor Risk is to provide firms with a structured framework for modelling the impacts of climate change within a statistical framework.

The approach is to use a bayesian network to analyse experts opinions on the pathways for climate change. This leads to analytical scenarios for various policy actions over a 30 year time horizon. Firms will be able to map these pathways to business sensitivities and explore a variety of variables to stress test their future business models.

The full details of this climate modelling approach can be read at the Razor Risk website.

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