In October 2018, Ron Dembo was driving through an area of burned forest in Northern California.
The CEO and founder of Toronto-based Riskthinking.ai, Dembo had been invited to give a keynote speech at the conference of the California Independent System Operator (CAISO), one of the world’s largest electricity distributors. Dembo had previously built Algorithmics Inc., which became the world’s largest enterprise risk management software provider. He was headed to the conference to discuss a new kind of “risk thinking” that he believes could supplant existing forecasting strategies.
“Every decision we make today affects our future,” Dembo says. “Yet, whether we are a corporation or an individual, our decision-making today is primarily guided by our attempts to forecast our future. Traditional forecasting doesn’t work well, because past data is of minor use in our fast-changing climate reality. Nearly every commercial and non-commercial sector—from finance, insurance, energy and transportation to local and federal municipalities—is affected.”
New climate models show carbon dioxide is a more potent greenhouse gas than previously understood, a finding that could push the Paris treaty goals for capping global warming out of reach, scientists have told AFP.
Montreal Mayor Valérie Plante says expanding public and active transit, reducing waste and limiting urban sprawl are all priorities for the next decade. Riskthinking.ai’s scenarios and analytical tools help decision-makers apply this lens by accurately pricing the true costs of climate change.
We need to start taxing emissions and incentivizing green technologies. Fossil fuel firms should pay for their negative environmental externalities. This could usher in a new and fairer economic paradigm.
Earth’s climatic future is uncertain, but the world needs to prepare for change. Riskthinking.ai’s forward-looking scenarios are designed to help decision-makers better understand climate-related risks, and make better decisions in the face of radical uncertainty.
Energy transition encompasses a range of plural and contested pathways, including those shaping a potential full-scale hydrogen economy. Forward-looking scenarios can shed light on these pathways and enable better decision-making.
Pervasive human-driven decline of life on Earth points to the need for transformative change
Sandra Díaz, Josef Settele, Eduardo S. Brondízio, Hien T. Ngo, John Agard, Almut Arneth, Patricia Balvanera, Kate A. Brauman, Stuart H. M. Butchart, Kai M. A. Chan, Lucas A. Garibaldi, Kazuhito Ichii, Jianguo Liu, Suneetha M. Subramanian, Guy F. Midgley, Patricia Miloslavich, Zsolt Molnár, David Obura, Alexander Pfaff, Stephen Polasky, Andy Purvis, Jona Razzaque, Belinda Reyers, Rinku Roy Chowdhury, Yunne-Jai Shin, Ingrid Visseren-Hamakers, Katherine J. Willis, & Cynthia N. Zayas
For decades, scientists have been raising calls for societal changes that will reduce our impacts on nature. Though much conservation has occurred, our natural environment continues to decline under the weight of our consumption. Humanity depends directly on the output of nature; thus, this decline will affect us, just as it does the other species with which we share this world. Díaz et al. review the findings of the largest assessment of the state of nature conducted as of yet. They report that the state of nature, and the state of the equitable distribution of nature’s support, is in serious decline. Only immediate transformation of global business-as-usual economies and operations will sustain nature as we know it, and us, into the future.