Transition Finance Tracker
Urban centers, especially mid-exposure cities like Los Angeles, New York, London, Paris and Tokyo, will see more days of dangerous heat in a world that warms 3°C (5.4°F) above preindustrial levels by 2050. These changes signal rising climate adaptation costs.
Source: MSCI ESG Research, data as of June 30, 2025, using MSCI GeoSpatial Asset Intelligence, based on ”Current Policies” scenario developed by the Network for Greening the Financial System.
Additional days of extreme heat (average % change by 2050, based on 3°C warming)