Explainer: Climate change and financial disclosure - what's at stake?


TOKYO (Reuters) - Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer MS&AD, for one, foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% compared to current levels.

Below are issues at stake for financial institutions, and where Japan stands on the global debate on assessing financial risks associated with climate change. WHAT'S.

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