There are a number of reports that refer to this topic, such as the World Economic Forum's Global Competitiveness Report. I will concentrate on another important report, the Doing Business Report, published by the World Bank. This report ranks 178 countries measured by parameters that represent the ease (or difficulty) of doing business in each country.
The question I am asking is this: are we underestimating the financial risks associated with climate change and the transition to a green economy? My answer will be: we certainly do. But bear with me: I will try and say a little more than just that. 4. The characteristics of climate risks So how does climate change potentially affect the financial sector?