This week, we present the first episode in our 3-part interview series on climate risk. How do we measure and quantify both the physical and economic risk of a warming planet?This question has very real consequences for the way companies are run, the way cities are planned, and the way markets are valued.In this episode, Shayle Kann speaks with Trevor Houser, a partner with Rhodium Group. Rhodium Group and Blackrock recently wrote a report on the underpriced risks of climate change throughout the economy.Topics covered in this episode:What counts as "climate risk,” and how is it distinguished from all the risks we face independent of climate change?The state of climate risk reporting: How has our ability to measure climate risk improved? How much certainty can we provide today? What gaps remain?Examples of climate risk in municipal bonds, commercial real estate, and energy & utilities.How big a challenge is it to get different players (investors, insurers, corporations, etc) to account for climate risk? How should they be thinking about it?Could you do us a favor? Take our listener survey so we can give you more relevant content: bit.ly/gtmpodcastSupport for the Interchange comes from Schneider Electric, the leader of the digital transformation in energy management and automation. Support for this podcast comes from PG&E. PG&E is helping to electrify corporate fleet vehicles. Get in touch with PG&E’s EV specialists to find out how you can take your transportation fleet electric.