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International and Area Studies
Singapore Management University
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Downscaling Of Physical Risks For Climate Scenario Design, Enrico Biffis, Shuai Wang
Downscaling Of Physical Risks For Climate Scenario Design, Enrico Biffis, Shuai Wang
Sim Kee Boon Institute for Financial Economics
Southeast Asia is arguably one of the areas most vulnerable to natural disasters due to its dense population, coastal urbanization, and rainfall variability driven by the local monsoon systems. In this report, we focus on the impact of global warming in the region along four climate dimensions: temperature, precipitation, wind speed and coastal surge. The latter represents the surge of water from the ocean in excess of astronomical tides. Our objective is to downscale the outputs of global climate models to temporal and spatial resolutions of interest to market participants wishing to quantify climate risk vulnerability via climate stress testing …