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This systematic map is intended to understand the main themes in the research literature around how climate risks affect the economic evaluation of real estate assets.
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Vanhuyse, F., Piseddu, T., & Moberg, Å. (2023). What evidence exists on the impact of climate change on real estate valuation? A systematic map protocol. Environmental Evidence, 12:24. https://doi.org/10.1186/s13750-023-00317-y.
As natural disasters increase in both frequency and magnitude because of climate change, assets, such as buildings and infrastructure, are exposed to physical climate risk. In addition, as our societies transition towards a greener economy, the transitional climate risk will manifest itself in different forms: reputational issues, market solutions that may drive out those that do not comply, technological disruptions and policy initiatives. How both risks, physical and transitional, impact the economic value of real estate assets is not well understood and is investigated as the main scope of this systematic map.
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