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instance, the IPCC’s estimate of a carbon funds that will doubtless limit international temperature rises to 2 levels above pre-industrial levels. Whereas a given physical manifestation of local weather change – a flood or storm – might in a roundabout way affect a company bond’s worth, coverage action to advertise the transition in the direction of a low-carbon economy might spark a fundamental reassessment.
This highlights the transition threat from climate change. Whereas the ability to re-price or withdraw cowl mitigates some risk to an insurer, as local weather change progresses, insurers