Financial Models Misinterpret Climate Impact

This is a news story, published by Climate and Capital Media, that relates primarily to Amazon news.

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Wardrobe malfunction: “The Emperor’s New Climate Scenarios” - Climate and Capital Media

Summary

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84% Informative

Global financial institutions forecast “implausible” and “dangerouslybenign” economic impact from climate change.

Study by British actuaries found financial services profoundly underestimate the risks of rising temperatures and tipping points that “trigger irreversible changes, such as the loss of the Amazon rainforest or the West Antarctic ice sheet”.

Governments and consumers around the world are increasingly demanding that companies disclose and reduce their climate impact.

European regulators early this year passed new rules requiring much more extensive environmental reporting.

At least 140 nations have announced or are considering zero emission targets, which would cover almost 90% of the world’s emissions.

A growing number of companies are adopting more science-based analysis techniques.

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formal

Language

English

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