The global coronavirus pandemic has brought renewed interest and focus on scientific models as we try to get a handle on what the future will bring, how many people will fall sick and die, what the economic impacts will be, and what actions politicians should take. But confusion abounds about what these “models” say and how to reconcile their often seemingly conflicting visions of the future.
As floodwaters regularly rise in southeast Louisiana, so do the costs to protect communities. Understanding the true costs of climate risks like sea level rise, and greater frequency of floods and hurricanes, will inform better decision-making by residents and policy makers alike.
Much of the uncertainty surrounding the pandemic is due to its nonlinearity. In our highly connected and increasingly complex world, we can anticipate more of these kinds of events, which is why we’ve developed forward-looking scenarios that help decision-makers plan for, and hedge against, the worst effects.
Around the world, central banks are scrambling to tackle the economic and financial damage wrought by the coronavirus pandemic, announcing interest rate cuts and asset purchase programs to shore up economies and a range of regulatory and supervisory measures to maintain financial stability and ensure liquidity.
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.