How Climate-Resilient Are London’s Businesses?

This business roundtable event, being held as part of as part of London Climate Action Week, explores London’s physical and transition climate risks and what this means for businesses in London.

Pricing ambiguity in catastrophe risk insurance

The authors of this paper apply a newly developed insurance pricing model to two catastrophe model data sets relating to hurricane risk in two locations in the Atlantic basin, estimating ambiguity loads – the extra insurance premium due to ambiguity – and showing how these depend on the insurer’s attitude to ambiguity. read more »

UK experiences winter temperatures above 20C for first time

In our statement for this article, Bob Ward said: “People may find it very pleasant to be in warmer temperatures but they must also remember that it’s the same trend that saw hundreds of people die last summer as a result of overheating. Over the last five years we also had two record wet winters during which there was severe flooding. This is a sign of the fundamental and profound way that Britain’s climate is changing.” read more »

Steering the climate system: an extended comment

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »