The past few months following the mid-term review have seen a reorganisation of our research programs and a corresponding rearrangement of the website into these programs. Over the coming months, all previous research briefs will be shifted under the programs and regular research program meetings will be included in the Weekly Updates.
The newly formulated Attribution and Risk research program is by its very nature focused on the impacts of weather and climate on our society. A key piece of research on business risk and the emergence of climate risk perfectly highlighted this.
There is a great deal of misuse of climate model projections emerging in business. Climate models are being used for some purposes that are simply inappropriate leading to assessments of the physical risks to business that are of no value. However, there are ways to use climate model data that has value and can help business robustly assess some specific climate related risks.
Climate information is at risk of being misconstrued and used inappropriately in financial reports and has the potential to expose businesses to significant risk, according to a new paper by Australian researchers.