www.bloomberg.com
Britain’s main association of actuaries says the finance industry is relying on climate models that underestimate how quickly temperatures are rising. A new study highlights the risk of accurate predictions, warning that financial institutions could face sudden, unanticipated losses. This mismatch could affect everything from insurance premiums to investment portfolios, as the actual pace of warming may be faster than current forecasts, forcing a rethink in how financial risks are calculated.
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