From the Government’s own Actuary Department
Key points
“The report concludes that risk management techniques should be used to realistically assess and communicate climate change risks more effectively to policymakers. This in turn would support long-term policy decisions and accelerate positive tipping points.
GAD actuary Georgi Bedenham is one of the report’s co-authors and a member of the IFoA’s Biodiversity Working Party. The report was a collaboration between actuaries and Earth System scientists.
The report put forward 5 key findings based on the latest climate research:
- global warming accelerated in 2023 and may not be temporary
- increased global warming is now driving more severe impacts across the planet
- it’s likely we will overshoot the 1.5 degrees Celsius threshold, so we’ll need to recalibrate carbon budgets
- Earth’s climate may be more sensitive to greenhouses gases than previously thought
- further warming increases the risk of triggering multiple climate tipping points”
If you are not a Green voter, we suggest you ask your candidate what they intend to do about Climate Change.