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....
