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2024
Actuaries are calling for more realistic climate risk assessments. This includes the “risk of ruin”: the point past which global society can no longer adapt to climate change. Today’s report from the Institute and Faculty of Actuaries (IFoA) and the University of Exeter – “Climate Scorpion: the sting is in the tail” – puts forward the case for using financial services risk management to evaluate and communicate climate risk. It advocates for “worst-case” scenario thinking around climate change.
2023
The new study, led by researchers at the Global Systems Institute, University of Exeter, associated with the Earth Commission, and Nanjing University, assessed what this would mean for the number of people living outside the “climate niche” in which our species has thrived. It says about 60 million people are already exposed to dangerous heat (average temperature of 29°C or higher). And two billion – 22% of the projected end-of-century population – would be exposed to this at 2.7°C of global warming.
