riskthinking.AI’s Post

As part of our ongoing look at the U.S. election and how climate financial risks play out when transition risks and physical climate risks collide, Dr. Ron Dembo is taking a close look at Oklahoma where a Harris win looks likely to be a surprise win on the climate risk front for the state. Next week we will dig into more of the data with Bobby Shackelton and take a look at the methodology we are using. And if you live in the U.S., remember your vote counts! #climaterisk #vote #election2024

View profile for Dr. Ron Dembo, graphic

Founder and CEO at Riskthinking.ai

At first glance, Oklahoma may not seem like a critical state to analyze when considering elections and climate risk. However, Riskthinking.AI's forward-looking climate risk modelling tells a different story. In fact, a Harris win scenario offers a notably more favourable climate risk outlook for Oklahoma compared to a Trump win, primarily due to the emissions reductions linked to climate-focused policies. Our data shows that under a Trump victory, Oklahoma's potential climate-related losses—in all risk categories—would rise compared to a Harris win. For instance, wildfire risk, as indicated by the Fire Weather Index, is projected to be 26% higher under Trump's policy direction. This is particularly concerning for Oklahoma, a state increasingly vulnerable to extreme heat, drought, and other climate-related hazards. While emissions policies are often evaluated from an economic perspective, they significantly affect physical climate risks. In Oklahoma, our models reveal that proactive emissions policies play a crucial role in reducing the state's exposure to climate hazards, illustrating the tangible benefits of policies that limit carbon emissions. This state-specific analysis highlights the substantial influence that federal policy can have on regional climate risks. Oklahoma serves as a clear example of the stark contrast between the outcomes of a Trump and a Harris administration. #climaterisk #elections

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