Climate Scorpion – the sting is in the tail
"[The Institute and Faculty of Actuaries' third report] calls for a realistic #risk assessment of #ClimateChange as a matter of urgency, taking into account the full range of outcomes, including tipping points, realistic worst-case scenarios, and the risk of ruin.
It introduces the concept of Planetary Solvency to support long-term policy decisions."
https://actuaries.org.uk/news-and-media-releases/news-articles/2024/mar/14-mar-24-climate-scorpion-the-sting-is-in-the-tail/
"[The Institute and Faculty of Actuaries' third report] calls for a realistic #risk assessment of #ClimateChange as a matter of urgency, taking into account the full range of outcomes, including tipping points, realistic worst-case scenarios, and the risk of ruin.
It introduces the concept of Planetary Solvency to support long-term policy decisions."
https://actuaries.org.uk/news-and-media-releases/news-articles/2024/mar/14-mar-24-climate-scorpion-the-sting-is-in-the-tail/
Climate Scorpion – the sting is in the tail | Institute and Faculty of Actuaries
‘Climate Scorpion – the sting is in the tail’ shows that climate risks are complex, interconnected, and could threaten the basis of our society and economy.Institute and Faculty of Actuaries
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“Current approaches are failing to properly assess escalating planetary risks or help control them. Planetary solvency applies the established approaches of risk professionals to our life-support system and finds it in jeopardy. It offers a clear way of seeing global risks and prioritising action to limit them.”
https://www.theguardian.com/environment/2025/jan/16/economic-growth-could-fall-50-over-20-years-from-climate-shocks-say-actuaries
Denis Buckley hat dies geteilt