Over $US130 trillion of capital is now committed to transforming the global economy into one with net zero emissions in order to avoid catastrophic climate change. So, are robust frameworks in place to ensure this staggering amount of investment flows to the most worthy and impactful projects?
Recently, a number of scientists have drawn attention to the challenges faced by businesses in undertaking climate risk assessments. This article sets out a potential five-phase approach to help increase our understanding of the physical impacts of climate change, which could form the basis of disclosures in the interim.
In the last two decades, carbon capture has emerged as an essential technology for mitigating emissions from power plants and other industrial processes. Yet, many environmentalists and scientists criticise it, saying it does more harm than good. A data driven approach may prove to be an efficient way to optimise the process, with little cost to the environment.
This week, the International Actuarial Association (IAA) released the third paper in a series on climate risk entitled 'Climate-Related Scenarios Applied to Insurers and Other Financial Institutions'. It was developed by the IAA Executive Committee Task Force on Climate Risk (CRTF) and reflects a significant contribution from the Actuaries Institute, both in terms of volunteer effort and content.
