Policymakers should take ‘actuarial approach’ to climate risks

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 the UK’s Institute and Faculty of Actuaries.