Climate risk management approach – convergence or divergence? A closer look at Asia and Europe
The transition towards a low-carbon economy is a global challenge, requiring global solutions. There is broad recognition of the need to manage this transition in a just and inclusive way, yet there is limited emphasis in mainstream discussions on exactly how difficult this process may be with regard to emerging markets. Countries across the world will need to overcome their own specific challenges, and may not be able to decarbonise at the same pace, or via the same methods. Taking country-specific challenges into account is key to meeting the goals of the Paris Agreement in a sustainable way. On top of these challenges, there is growing criticism that the standard climate risk scenarios prescribed by regulators are not fit for purpose – when might these scenarios not work, and more broadly, is climate risk adequately priced in the financial markets? Please join us for this thought-provoking webinar, where our esteemed subject matter experts, Professor Lapman Lee, Mike Clark and Tina Mavraki provide informative insights into various regional perspectives for managing and putting a price on climate risks, across the insurance and pensions sectors.