This Earth Day, we’re highlighting Nobel Laureate Robert Engle’s data-driven approach to understanding climate risk — not just for the planet, but for markets, businesses and entire economies. From wildfires and rising sea levels to the economic shockwaves of decarbonization, climate risk comes in two forms according to Engle: physical risks and transition risks. Both have profound implications for investors and financial stability. How do you think businesses, investors, and governments should prepare? Check out UBS Nobel Perspectives for more info. #EarthDay #ClimateRisk #NobelPerspectives #NobelLaureate #shareUBS