Climate Risk and the Opportunity for Real Estate
Real-estate leaders should revalue assets, decarbonize, and create new business opportunities. Here’s how.
The combination of this economic transition and the physical risks of climate change has created a significant risk of mispricing real estate across markets and asset classes.
For example, a major North American bank conducted analysis that found dozens of assets in its real-estate portfolio that would likely be exposed to significant devaluations within the next ten years due to factors including increased rates of flooding and job losses due to the climate transition.