EDHEC-CLIRMAP
Interactive Tools to Explore Climate and Economic Futures
Discover how emissions pathways shape global temperatures and regional economic impacts through scientifically grounded, user-friendly visualisations designed to support informed climate decision-making.
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EDHEC-CLIRMAP (EDHEC-CLimate-Induced Regional MAcroimpacts Projector) is a web-hosted interactive tool developed by the EDHEC Climate Institute. It offers a user-friendly platform for scientists, experts, professional investors, policymakers, and ordinary users to visualise how climate change–induced shifts in average temperature are projected to affect gross regional economic product (GRP) under various warming scenarios.
EDHEC-CLIRMAP leverages the latest harmonised information on economic output reported at the sub-national level, alongside highly localised climate change simulation data from the National Aeronautics and Space Administration (NASA). Users can customise province-level projections of economic damages by directly adjusting filters such as the selection of Global Climate Models (GCMs), SSP-RCP climate scenarios, or future epochs.
Combining macroeconomic modelling, climate econometrics, and the ‘Delta’ method*, EDHEC-CLIRMAP enables users to intuitively explore the geography of future economic damages and uncover their heterogeneity, supporting informed investment management strategies and improved adaptation to chronic physical climate risks.
The underlying research paper, titled The Global Geography of Long-Term Projected Macroeconomic Damages from Chronic Physical Risk and the Aggregation Problem, is forthcoming in Cambridge Elements in Quantitative Finance.
*See technical documentation: EDHEC-CLIRMAP: EDHEC-CLimate-Induced Regional MAcroimpacts Projector—The Macroeconomic and Econometric Background.
In a 2026 working paper, From Nature Shocks to Financial Stability: Incorporating Nature Physical Risks – in Particular Water-Related Risks – into Banks’ Credit Risk Models and Insurers’ Market Risk Models, De Nederlandsche Bank (DNB) draws on EDHEC-CLIRMAP as part of a framework for assessing how nature-related physical risks can translate into financial stability impacts.
As part of its stress-testing framework, the study uses CLIRMAP as one of three proxy scenarios to calibrate the potential macroeconomic impacts of nature-related shocks. A dedicated section explores how CLIRMAP’s granular projections of temperature-driven regional economic damages can inform the assessment of severe but plausible water-related production shocks.
Figure: Projected chronic physical climate damages (%) on per capita Gross Regional Product (GRP) from climate change-driven shifts in average temperature alone, future epoch (e.g., 2021-2040, 2031-2050, ..., 2099) relative to constant historical 1985-2004 temperature means, model means of a selected CMIP6 global climate model (e.g., ACCESS-ESM1-5, BCC-CSM2-MR, ..., UKESM1-0-LL), under a chosen warming scenario (i.e., SSP5-RCP8.5 vigorous warming, SSP2-RCP4.5 moderate warming, intermediate mid-point scenario between SSP5-8.5 vigorous & SSP2-4.5 moderate warmings).
Source: Our elaboration at EDHEC Climate Institute.
© EDHEC Climate Institute. Any reproduction or commercial use requires explicit prior written permission.
In this webinar moderated by Toby Mitchenall, Senior Editor, ESG and Sustainability, PEI Group, Nicolas Schneider presents EDHEC-CLIRMAP, an interactive online tool offering a highly granular visualisation of projected climate-induced macroeconomic damages. Covering more than 3,660 subnational regions worldwide, the platform enables users to explore localised economic impacts across climate models, warming scenarios, and time horizons throughout the 21st century.
In this episode of The New Private Markets Podcast, recorded during London Climate Action Week, Nicolas Schneider continues the conversation with Toby Mitchenall following their earlier webinar on EDHEC-CLIRMAP. They discuss how CLIRMAP’s insights can help investors understand the economic and financial implications of physical climate risk, from regional economic impacts to asset valuation and portfolio decisions.
The research underpinning EDHEC-CLIRMAP also provides a foundation for the Sovereign Climate Risk Ratings (SovCRR) developed by EDHEC Scientific Climate Ratings.
Building on CLIRMAP’s econometrically estimated temperature–output response functions and granular regional damage projections, the ratings translate the economic impacts of warming from the sub-national to the sovereign level. These impacts are projected under multiple forward-looking climate scenarios to 2035 and 2050 and translated into an A–G rating.
This sub-national foundation helps capture variations in climate exposure within countries that national averages can obscure, providing investors with forward-looking and economically interpretable measures of sovereign physical climate risk.
Sovereign Climate Risk Rating universe under the Expected Scenario