Temperature Change and Natural Disasters

Climate change affects every individual and community across the country, but the extent of these effects varies across regions. More frequent and intense extreme weather and climate-related disasters are expected to continue, creating new risks and worsening existing vulnerabilities in communities.

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Sea Levels

The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible collapsing of ice sheets.

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Financial and Risk Indicators

Transition towards a low carbon economy brings along risks to the financial industry. Banks provide loans in response to the funding needs of various sectors. The Carbon Footprint of Bank Loans (CFBL) captures the exposure of banks to transition risk in a cross-country comparable way. The CFBL is a country-level indicator, constructed as the average of CO2 emission intensities/multipliers from the fuels burned in each sector, weighted by the sectoral share of outstanding domestic loans from banks.

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Human Cost of Natural Disasters

Explore the impact of natural disasters (human and economic) at world scale for the last 20 years. The analysis focuses on the climate-related financial damages for all disasters over years as well as human cost by diverse natural disasters.

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Our Team

Charles Lucas

Luke Liu

Zev Rosen

Heesuk Jang

Purpose and Users

Witnessing the climate-related disruption in livelihoods and increased financial risks resulting from widespread, rapid, and intensifying climatic change, we expect that providing deeper analytic insights through this dashboard will help policymakers, businesses, and investors to measure and mitigate significant economic and financial costs of climate change and help drive a low-carbon economy.

Major Four Hypotheses

Climate change is a global challenge with far-reaching implications for our environment, societies, and economies. It is crucial to gain a comprehensive understanding of the changing dynamics and associated risks to develop effective mitigation and adaptation strategies. This project proposal aims to investigate four key hypotheses related to climate change impacts and risks.

Temperature Change & Natural Disasters

Examine the possibility of a positive correlation between annual surface temperature change and the frequency of climate-related disasters, thereby exploring the link between increasing global surface temperatures and the occurrence of droughts and intensified storms.

Sea Levels

Investigate the hypothesis that mean sea levels have consistently increased in every region covered by the International Monetary Fund's (IMF) sea level data.

Financial and Risk Indicators

Assess the hypothesis that the financial and human costs associated with natural disasters have worsened compared to previous years.

Human Cost of Natural Disasters

The financial and human cost of natural disasters is worse now than it used to be.

Conclusion

This project proposal seeks to address the pressing challenges of climate change by investigating key hypotheses related to rising sea levels, climate-related disasters, carbon footprint of bank loans, and the financial and human costs of natural disasters. By conducting analysis through different visulization presentations, we aim to contribute valuable insights that can inform policies, strategies, and actions to build climate resilience and promote sustainable development.

Data Reference