Agreed. I’m getting tired of these pencil-pusher reports implying that “the economy” is going to keep chugging along at a reduced rate, as if we can just shuffle around our stock portfolios and weather the storm.

The “Planetary Solvency” report by IFoA is one of the first mainstream papers that’s taking a sober look at the climate crisis. If we hit 2°C by 2050, they’re seeing a significant likelihood of:

• 2 billion deaths
• High number of climate tipping points triggered, partial tipping cascade.
• Breakdown of some critical ecosystem services and Earth systems.
• Major extinction events in multiple geographies.
• Ocean circulation severely impacted.
• Severe socio-political fragmentation in many regions, low lying regions lost.
• Heat and water stress drive involuntary mass migration of billions.
• Catastrophic mortality events from disease, malnutrition, thirst and conflict.

I don’t even want to think about 3°C and 4°C scenarios.