Finanzielle Resilienz von Konsumenten gegenüber dem Klimawandel

CONFILIENCE – Consumer Financial Resilience to Climate Change

Das Verbundprojekt „Finanzielle Resilienz von Konsumenten gegenüber dem Klimawandel“ (CONFILIENCE) hat zum Ziel, wetterbedingte finanzielle Risiken hinsichtlich des Lohneinkommens von Verbraucher:innen zu identifizieren. Es besteht aus zwei Teilprojekten.

Teilprojekt 1: Impact-orientierte Wetter- und Klimaservices zur Abschätzung zukünftiger finanzieller Risiken

Das erste Teilprojekt verknüpft hochfrequente historische Wetterdaten mit Daten zu Arbeitsverhältnissen, um Wettereffekte auf individuelle Arbeitseinkommen zu messen.

Teilprojekt 2: Kausale Auswirkungen wetterbedingter Veränderungen der Lohneinkommen auf Verbraucherinsolvenzen

Das zweite Teilprojekt befasst sich mit den Auswirkungen zunehmender Wetterrisiken auf die Überschuldung bzw. Insolvenzen von Verbraucher:innen und die Rolle des regionalen Bankensektors in der Moderierung dieser finanziellen Risiken. Die Ergebnisse werden in „heat-maps“ zu klimabedingten Liquiditätsrisiken von Verbraucher:innen anschaulich zusammengefasst.

Publikationen von CONFILIENCE

Banking on Snow: Bank capital, risk and employment

How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the capitalization of firms’ local banks. The evidence comes from firms employing workers whose productivity depends on the weather. Weatherinduced labor productivity risk reduces this employment, and this effect is stronger in regions where the regional banks have less equity capital. Bank capitalization also proxies for the extent to which the regional banks’ borrowers can obtain liquidity when the regions are hit by weather shocks. We argue that, as liquidity providers, wellcapitalized banks support economic adaptation to climate change

Evaluation of the predictive skill for warm spells in Germany at seasonal scale

This study evaluates the predictive skill of the downscaled German Climate Forecast System Version 2.1 (GCFS2.1) for warm spells in Germany on a seasonal scale for both warm (spring and summer) and cold seasons (autumn and winter). The analysis considers hindcast data from the 1991–2020 base period, statistically downscaled to a high spatial resolution over a region including Germany, along with five climate indices (Summer Days, Hot Days, Hot Spells Duration, Warm Days, and Warm Spells Duration). The skill is assessed using two metrics, the Mean Squared Error Skill Score (MSESS) and the Ranked Probability Skill Score (RPSS), with E-OBS data as the reference climatology. The main findings of this analysis are twofold: (1) The predictive skill for the warm seasons is highly heterogeneous, with simulations starting in March for indices like Summer Days, Hot Days, and Warm Days showing some skill in both MSESS and RPSS, whereas predictions for later starting months and the remaining indices exhibit limited skill. (2) High predictive skill is observed for the Warm Spell Duration index in MSESS and, to a lesser extent, in RPSS during cold seasons across most of Germany and simulation lead times, although skill slightly declines as lead time progresses. The degradation of the skill during warm seasons compared to that of the cold seasons is likely due to dynamical and methodological factors, such as a less accurate description of the large-scale circulation patterns like the North Atlantic Oscillation (NAO), East Atlantic (EA) or Scandinavian (SCAND) patterns and their link with extreme temperatures in Europe. This study shows that the downscaled GCFS2.1 model is a reliable tool for predicting warm spells in Germany during cold seasons.

How to provide actionable information on weather and climate impacts? A summary of strategic, methodological, and technical perspectives

Climate change will result in more intense and more frequent weather and climate events that will continue to cause fatalities, economic damages and other adverse societal impacts worldwide. To mitigate these consequences and to support better informed decisions and improved actions and responses, many National Meteorological and Hydrological Services (NMHSs) are discussing how to provide services on weather and climate impacts as part of their operational routines. The authors outline how a risk framework can support the development of these services by NMHSs. In addition to the hazard information, a risk perspective considers the propensity for a given hazard to inflict adverse consequences on society and environment, and attempts to quantify the uncertainties involved. The relevant strategic, methodological and technical steps are summarized and recommendations for the development of impact-related services are provided. Specifically, we propose that NMHSs adopt an integrated risk framework that incorporates a hazard-exposure-vulnerability model into operational services. Such a framework integrates all existing forecast and impact services, including the underlying impact models, and allows for flexible future extensions driven by the evolving collaboration with partners, stakeholders and users. Thereby, this paper attempts to unify existing work streams on impact-related services from different spatial and temporal scales (weather, climate) and disciplines (hydrology, meteorology, economics, social sciences) and to propose a harmonized approach that can create synergies within and across NMHSs to further develop and enhance risk-based services.

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