Undervaluing climate risk (2023) - FAQ
Frequently asked questions about this film.
What is Undervaluing climate risk about?
Undervaluing climate risk is a news segment. The world is reeling from record-breaking heat waves, wildfires, and rainfall, highlighting the vast costs of inaction on global warming. These costs are often not adequately reflected in asset valuations, leading to the risk of a climate Minsky moment, a term coined by economist Hyman Minsky, which describes a sudden correction in asset valuations. Agriculture is particularly vulnerable, with research from Morgan Stanley indicating that droughts and water scarcity could severely impact key crops like wheat and soybeans, potentially putting $314 billion of annual production in jeopardy. Additionally, about 20% of computer and electronics factories in Asia are located in flood-prone areas, raising concerns about manufacturers' exposure to climate hazards. A recent report suggests that the market is overvaluing U.S. residential properties exposed to flood risk by $121 to $237 billion. By 2050, climate change could displace up to 1.2 billion people, yet many financial models fail to incorporate climate change factors, which could lead to far worse economic outcomes than currently predicted.
When was Undervaluing climate risk released?
Undervaluing climate risk was released in 2023.
How long is Undervaluing climate risk?
Undervaluing climate risk has a runtime of 3 minutes.
Where can I watch Undervaluing climate risk?
You can watch Undervaluing climate risk on iWonder.
What genre is Undervaluing climate risk?
Undervaluing climate risk is classified as Business, Environment.
What topics does Undervaluing climate risk cover?
Undervaluing climate risk explores topics including climate-change, food-sustainability.
Is Undervaluing climate risk available for free?
Undervaluing climate risk is available to stream on iWonder. Check the film page for current availability and any subscription requirements.
Can I watch Undervaluing climate risk with subtitles?
Subtitles may be available for Undervaluing climate risk on iWonder. Look for the CC (closed captions) button in the video player when available.