Open-source Tools for Physical Risk Analysis

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Intro:

  • CLIMADA: An open-source risk assessment model developed by ETH Zurich. It uses probalistic modelling to estimate the expected economic damage as a measure of risk today. The model is well suited to provide an open and independent view on physical risk, in line with TCFD and underpins the Economics of Climate Adaptation (ECA) approach. As of today, it provides global coverage of major climate-related extreme-weather hazards (tropical cyclones, river flood, agro drought, and European winter storms) at high resolution (4km) for historic and some selected climate forcing scenarios (RCPs).
  • An open-source tools for the modelling and management of climate change risks is developed using CLIMADA by European Insurance and Occupational Pensions Authority (EIOPA)
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