This article presents an excellent view of the myriad effects of COVID-19 on key economic and financial benchmarks. This aligns closely with Riskthinking.ai’s own recent poll, the insights of which revealed high degrees of uncertainty and a remarkable concurrence of views across sectors and regions.
The market has not yet priced-in climate risks. Now the IMF confirms this. This clearly implies that financial markets are missing a huge cost to companies and prices exposed to investors are at best misleading or at worst plain wrong!
The importance of protecting forests – particularly old growth and tropical forests which act as carbon sinks- as a climate mitigation measure can hardly be overstated. Pricing the risks associated with not adequately protecting forests would underscore their value and is core to the scenarios development work Riskthinking.ai does.
We agree that it’s time for governments to take action on climate to avoid the worst consequences of disasters like the bushfires that hit Australia, but they need the right tools – like the scenarios tools developed by riskthinking. AI- to be able to properly assess and respond to climate related risks.