The considerably changed climate scenario modelling ecosystem needs critical minds
Do you know what your Climate Model is made from?
By Russ Bowdrey and János Hidi
|RUSS BOWDREY is Team Leader Client Servicing, Climate & ESG Solutions at Ortec Finance.|
|JÁNOS HIDI is a Sustainable Investment Manager at Cambridge Econometrics.|
The climate scenario modelling ecosystem has changed considerably over the last 5 years. As the adoption of Task Force on Climate-Related Financial Disclosures TCFD guidance becomes widespread, and in places mandatory, it is arguably a natural point to pause to consider whether models used thus far remain appropriate, or whether there are more suitable alternatives.
This article represents the opinion of the authors, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 30 – June 2022
Originally published by The Actuary, March 2022. © The Institute and Faculty of Actuaries.