Climate storylines to build resilience for European public and private risk finance instruments against remote events

20833 7 110867 2 335624 document 110867 1-s2.0-S0921800925002393-main.pdf application/pdf f3ab7cf80d40dbc0a9f875883b50633f MD5 2762663 2025-08-26 07:45:39 https://pure.iiasa.ac.at/id/eprint/20833/1/1-s2.0-S0921800925002393-main.pdf 20833 1 1 application/pdf text en public cc_by_4

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published 110868 1 335631 document 110868 indexcodes.txt text/plain b0e5930e3cabb0b2c42a009b7477eef4 MD5 14222 2025-08-26 07:55:34 https://pure.iiasa.ac.at/id/eprint/20833/2/indexcodes.txt 20833 2 2 text/plain other Generate index codes conversion from text to indexcodes en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/110867 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/110867 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/110867 archive 2 disk0/00/02/08/33 2025-08-26 07:48:18 2025-08-26 07:48:18 2025-08-26 07:48:18 article show Hochrainer-Stigler S. 7958 0000-0002-9929-8171 Brusselaers J. Zhu Q. 9360 Tesselaar M. Ciullo A. Climate storylines to build resilience for European public and private risk finance instruments against remote events pub ASA SYRR Climate storylines; Remote events; Public and private finance instruments; Cyclones Europe Europe is increasingly threatened by climate-induced events happening remotely from the continent. To test the resilience of selected public and private finance risk instruments against external shocks we analyse multiple hypothetical scenarios based on historic events, focusing on cyclone risks, and various alternative realisations, so-called climate storylines. We present the storyline approach as a systems approach to examine whether events outside a system can affect elements within the system. Furthermore, we provide a framework to analyse possible transmission channels of such remote events jointly as well as separately. In doing so we combine a multi-model approach within single and multi-climate storylines to better address the various vulnerabilities of risk management and adaptation options for today and in the future. We specifically focus on humanitarian emergency assistance (via the Caribbean Catastrophe Risk Insurance Facility), public sector governance help (via the European Union Solidarity Fund), macro-economic financial effects (by assessing international financial flows and investment decisions) and consequences to insurance uptake due to remote climate events (via increases in risk aversion of reinsurers). The experiences made with this approach are compared with the advantages and disadvantages of both storylines and probabilistic assessments and we provide ways forward for a unified approach. 2025-08-25 published doi:10.1016/j.ecolecon.2025.108756 126 3222 public Ecological Economics 239 e108756 1 TRUE 09218009 REmote Climate Effects and their Impact on European sustainability, Policy and Trade (RECEIPT, H2020 820712) yes info:eu-repo/grantAgreement/EC/H2020/820712/EU//RECEIPT info:eu-repo/semantics/article info:eu-repo/semantics/openAccess