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PAL Product Update – March 2017

Posted on Posted in Product Update

PAL has scientifically determined a spectrum of intensity-weighted carbon prices across 40 countries. Discover more about the new improvements to PALgamma Catastrophe Loss Model, PALcarbon App Suite and find out about the new PAL Climate Risk Index.

 

New Features

PALgamma Catastrophe and Climate Change Loss Model

We have recently reviewed the data sets and risk parameters used by PALgamma, our catastrophe loss modelling and climate change risk attribution computer system. As a result we have made some improvements that materially improves the quality of loss forecasts over the next 10 year time horizon.

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PAL Carbon Pricing

We have revised our forward carbon emissions trajectories used by our carbon pricing and value at risk reporting system PALcarbon in response to recent publications of global carbon emissions data. PALcarbon is a computer system implementation of the REACT (Reinsurance Event Attributed Carbon Taxation) integrated assessment model and takes into account the real cost of damage caused by carbon emissions.

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PAL Climate Risk Index

Published at the beginning of each month, the PAL Climate Risk Index provides a measure of the financial loss and damage arising from anthropogenic climate change. It utilises worldwide insurance loss data arising from extreme weather events (meteorological, hydrological, climatological). Dating back to January 1980, historical index values have been made available in this monthly report. This index complements PAL’s Carbon Loss Index (CLIX).

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Download the PALcarbon App

 

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Author: admin

PAL provides carbon pricing software, services and business solutions that help financial institutions and public agencies understand, quantify and track their carbon risk exposure.

PAL Product Update – March 2017 was last modified: April 18th, 2017 by admin