Skip to content
The Global Centre for Risk and Innovation
The Global Centre for Risk and Innovation
The Global Centre for Risk and Innovation

Glossary term

Damage function

A model relationship that translates changes in climate variables, such as temperature and precipitation, into economic losses, used in scenarios such as the NGFS long-term scenarios to estimate physical risk.

A model relationship that translates changes in climate variables, such as temperature and precipitation, into economic losses, used in scenarios such as the NGFS long-term scenarios to estimate physical risk.

Institution GCRI