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Policymakers should take ‘actuarial approach’ to climate risks

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The IFoA’s paper states that in order to apply an actuary’s approach to climate, policymakers would need to identify a set of most likely and worst-case scenarios that would assess how climate risk could lead to societal ruin (Photo: Jeff Chiu/AP Photo)

The UK’s Institute and Faculty of Actuaries and the University of Exeter call for ‘worst-case’ scenario thinking about climate change

Policymakers should adopt an actuary’s approach to climate change, by taking into consideration different potential scenarios, including a worst-case scenario where the outcome could be “societal ruin”, argues ...

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