Climate 'ruin' should be considered by policymakers, IFoA says

Report calls for ‘Planetary Solvency’ framework which views nature as an asset

Jasmine Urquhart
clock • 3 min read
The IFoA has said financial services firms should update their governance models and consider their role in 'macro-stewardship'
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The IFoA has said financial services firms should update their governance models and consider their role in 'macro-stewardship'

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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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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