Decision-making

September 29, 2020

Business schools start preparing graduates for a world of climate risks

Katie Kross

Climate Change, Climate Narratives, Decision-making, risk

Risks related to climate change are some of the most significant threats facing the global economy, according to the World Economic Forum, which recently released its Global Risks Report 2018. In a report that scans a spectrum of economic, environmental, geopolitical, societal, and technological risks, extreme weather events, natural disasters, and failure to mitigate climate change took three of the Top 5 risks likely to have an impact on the global economy in the short term.

September 29, 2020

Scathing New Report Finds ‘Failure Across The Board’ In Colossal Fossils’ Climate Plans

anita_starzycka/pixabay

Climate Change, Climate Action, Decision-making

Despite a flurry of announcements from colossal fossils claiming great plans to decarbonize their operations, the companies’ actual performance shows they can’t be counted on to manage their own decline, Oil Change International concludes in a scathing new report that finds “failure across the board” in the industry’s climate plans.

September 18, 2020

Climate risk: What accountants need to know

Prue Moodie

risk, Climate Change, Decision-making, GHG accounting

The 21st century is shaping up as a world of global risks. We’ve seen the effects of global terrorism, systemic financial failure and pandemic, and we’ve adjusted (or are in the process of adjusting) to the policy responses deployed to contain these risks. Riskthinking.AI methodology is at the cutting edge of translating climate risks into financial risks; a crucial step in spurring companies to respond more effectively to the climate crisis.

September 15, 2020

To Beat the Coronavirus, Build a Better Fence- Opinion Piece

Tomás Pueyo with Nathaniel Lash and Yaryna Serkez

Illustrations by Annie Jen

COVID-19, Decision-making, Policy, risk, uncertainty

No country has been able to control the virus without a “fence”- policies like travel bans, quarantines, or checkpoints that countries or states put in place to keep out infections. Fences are not enough to stop the virus on their own, but they’re a necessary part of the solution. European countries and U.S. states had hoped otherwise, but they opened their arms to their neighbours too soon and got infected in the hug. As long as states fail to control their borders, the coronavirus will come back. Although Riskthinking.Ai’s scenarios typically map out climate-related financial risks, the same methodology is currently helping Canadian policy-makers confront the radical uncertainty of COVID-19. Please navigate to the Case Study page on the Riskthinking.AI website to learn more.

September 15, 2020

7 Ways You’re Already Paying for Climate Change

Jennifer R. Marlon

Copernicus Sentinel (2020), processed by ESA

Climate Change, Climate Narratives, Decision-making, Economic Impacts, North America, risk, uncertainty

Since 1980, the U.S. has sustained 273 weather and climate disasters exceeding $1 billion in damages. Yet Americans still overwhelmingly consider climate change an “environmental issue” and a largely distant, future risk rather than a here-and-now problem. According to the Yale Program on Climate Change Communication, only 45% of Americans think people in the U.S. are being harmed by global warming “right now.”

September 9, 2020

Future climate risks being discussed in boardrooms but few organizations have plans in place

KPMG

Chron

Climate Change, Decision-making, Economic Impacts, Finance sector, risk, Scenarios, uncertainty

Climate risks are being discussed in Britain’s boardrooms, but the majority of businesses have yet to implement a clear plan, according to new research from KPMG.

September 2, 2020

The appallingly bad neoclassical economics of climate change

Steve Keen

Shutterstock / www.theconversation.com

Climate Change, Anthropocene, Decision-making, Economic Impacts, IPCC, Policy, risk, uncertainty

Spurious methods used in neoclassical economics have resulted in a gross underestimation of the potential economic harm caused by climate change. Correcting for such errors makes it feasible that the economic damages from climate change are at least an order of magnitude worse than forecast by economists, and may be so great as to threaten the survival of human civilization.

August 24, 2020

Preventing Future Waves of COVID-19

Sarun Charumilind, Matt Craven, Jessica Lamb, and Matt Wilson

Behaviour Change, Adaptation, COVID-19, Decision-making, Future, Health, risk, uncertainty, Vaccine

The success of responses to COVID-19, and other global threats for that matter, hinges on the ability of humans to rapidly learn and change their behaviour. Riskthinking.ai’s forward-looking scenarios tools help decision-makers better understand the risks, and related costs, they face when it comes to threats like a global pandemic, and identify the kinds of behaviours and supportive policies that will have the biggest positive impact.

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Climate targets sweep across ASX as investors demand disclosure