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So this is an actual stress test scenario the Bank of England is expecting British insurance companies to run now:
("Firms are requested to consider the expected impact under three different climatic states on their assets, liabilities and business models")
#carbonbubble
("Firms are requested to consider the expected impact under three different climatic states on their assets, liabilities and business models")
#carbonbubble
Edited for brevity:
"A sudden transition (a Minsky moment), ensuing from rapid global action and policies, materializing over the medium-term business planning horizon, that results in achieving a temperature increase being kept below 2ºC."
Pop.
"A sudden transition (a Minsky moment), ensuing from rapid global action and policies, materializing over the medium-term business planning horizon, that results in achieving a temperature increase being kept below 2ºC."
Pop.
A disorderly transition is by far the most likely kind.
Essential context:
