Policymakers should consider the risk of climate “ruin” in their assessments and move away from viewing climate impacts as “tail risks”, a report from the Institute and Faculty of Actuaries (IFoA) has said.
The ‘Climate Scorpion - The Sting is in the Tail' report said an "overshoot" of the 1.5°C temperature threshold by 2030 is "increasingly likely" and added this should "recalibrate" carbon budgets,...
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