Why a short, sharp climate shock affects your pension more than a slow, looming threat
- Written by Narmin Nahidi, Assistant Professor in Finance, University of Exeter
The floods that hit the Valencia area in autumn 2024 put climate risk front and centre of investors' minds.Vicente Sargues/ShutterstockWhen severe floods struck Valencia in late 2024, the damage quickly spread beyond the affected neighbourhoods. Infrastructure was disrupted, insurance claims surged and supply chains were hit across the region....
