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Weather Warning: Assessing Countries’ Vulnerability To Economic Losses From Physical Climate Risks

In an exploratory scenario analysis of the vulnerability and readiness of 135 countries to climate change over the next 30 years, S&P Global Ratings finds that physical climate risks could expose 3.3%, 4%, and 4.5% of world GDP to losses by 2050 under climate pathways RCP2.6 (Paris Agreement), RCP4.5 (current policies), and RCP8.5, assuming no adaptation and all risks materialize simultaneously.