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Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. The paper explained that “traditional backward-looking risk assessments” could not accurately anticipate climate-related risks, including green swans.
Some actuaries are arguing that “narrative scenarios” – qualitative information to accompany the quantitative data to provide context around climate-related metrics – would help.
Climatescientists have unambiguously told us how to avoid the grimmest consequences of climate change: achieve net-zero emissions by 2050. And the ParisAgreement has given us a roadmap to get there through ambitious Nationally Determined Contributions.
Mark Hertsgaard, co-founder, Covering Climate Now Too often, climate change coverage is locked in scientific abstractions, such as 1.5 Most people dont know about the ParisAgreement, let alone the significance of 1.5C. Slow-walking on climate action is really the new climate denialism, he says.
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