#FYI video lecture and literature review

#JustHaveAThink
#IFoA report on accelerating #GlobalHeating

https://www.youtube.com/watch?v=e2paRMQ1k6k

#climate #ClimateScience #climatechange #ClimateEmergency #ClimateCrisis #ClimateBreakdown #ClimateDisruption #globalWarming #ExtremeWeather #polycrisis #EcosystemCollapse #systemcollapse #ecocide #fossilfuels #Co2 #Co2Emissions #methane #GreenhouseGases

Dünya neden düşündüğümüzden daha hızlı ısınıyor?

#IFoA ile Exeter Üniversitesi’nden yeni rapor, küresel sıcaklıkların daha önce öngörülenden daha hızlı arttığı konusunda uyarıyor #SonDakika #KüreselIsınma #Sıcaklık #İklim

https://cevrehatti.com/dunya-neden-dusundugumuzden-daha-hizli-isiniyor/?utm_source=mastodon&utm_medium=jetpack_social

The risk has been assessed: who will step up to manage it? https://global-tipping-points.org/risk-dashboard/

#ClimateCrisis #actuaries #IFoA #exeteruniversity

A great new paper out from the #IFoA talking about planetary solvency - if the planet was an insurance company it would be going insolvent and the implications for our lives. Basic message: better to be approximately right than precisely wrong

https://actuaries.org.uk/news-and-media-releases/news-articles/2025/jan/16-jan-25-planetary-solvency-finding-our-balance-with-nature/

#ClimateCrisis #actuaries

Climate risks are complex, interconnected, and could threaten the basis of our society and economy. Latest report from #IFoA - joint work from actuaries and climate scientists.

Climate Scorpion – the sting is in the tail https://actuaries.org.uk/news-and-media-releases/news-articles/2024/mar/14-mar-24-climate-scorpion-the-sting-is-in-the-tail/ .

We can't rely on the best case, or even on the best estimate of what will happen. We need to have a best guess about the worst-case and make policy on that basis.

It's a fantastic report, and a must-read.

#climateEmergency #uncertainty #actuaries

#Actuaries have issued a call for more #precise #climate #risk #assessments, highlighting the concept of the “🔹risk of ruin🔹,” which refers to a critical juncture beyond which global society might be unable to adapt to the ramifications of climate change.

A collaboration between the Institute and Faculty of Actuaries ( #IFoA ) and the University of Exeter has resulted in a report titled
💥“Climate Scorpion: the sting is in the tail,” 💥which makes a case for employing risk management strategies traditionally used in financial services to evaluate and convey the risks associated with climate change.

The report advocates for the consideration of “worst-case” scenarios regarding climate change. It also issued a warning that the pace of global warming could be #accelerating, with the likelihood it could surpass the 1.5°C target becoming increasingly plausible.
This could lead to several tipping points, including the #collapse of the #Greenland #ice #sheets, which could have long-lasting consequences.
Unexpected sensitivity to climate change is also a concern, as what is often described as a “#tail-#risk” might have a higher probability of resulting in significant temperature increases.
Methodologies are also now suggesting that a doubling of #greenhouse #gas concentrations could lead to #temperature rises of 7°C or more.
https://www.insurancebusinessmag.com/uk/news/environmental/policymakers-urged-to-consider-risk-of-ruin-for-climate-481136.aspx