June brings the start of the Atlantic hurricane season, and in this episode of the ESG Insider podcast we explore why 2024 is expected to be extremely active — "possibly historically" active, says today's guest, Tim Hall.
Tim is a Senior Climate Scientist at S&P Global Sustainable1, where his team has developed a hurricane forecasting model that projects over 14 hurricanes and eight major hurricanes this season. In the episode, Tim explains his near-term forecast and how climate change is leading to more intense storms over the longer term. As we hear in the episode, this has big implications for many stakeholders, from homeowners and insurers to financial institutions and central banks, which are increasingly turning to climate modeling and climate stress test testing to understand future risks.
Tim also outlines how science and technology are fast evolving to help stakeholders make better-informed decisions to adapt and prepare for climate change.
"It's a very interesting time of rapid change in the field — both in the technology and what we can forecast and in what detail, and also the sophistication and expectations of the stakeholders," Tim says.
Learn more about S&P Global's data and solutions on physical climate risks here: https://www.spglobal.com/esg/solutions/physical-climate-risk
This piece was published by S&P Global Sustainable1, a part of S&P Global.
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