Climate risk models not up to scratch, warns BIS report
New research highlights models’ inability to accurately anticipate climate risk
Extreme temperatures, hurricanes, tsunamis and other catastrophic events linked to climate change could soon be commonplace. But according to a new report published by the Bank for International Settlements, climate-economic models are not well-equipped to assess the risks.
In a new comprehensive study, senior officials from the BIS and the Banque de France, in conjunction with Amundi, claim existing climate-economic models “cannot anticipate accurately enough the form that climate risks will
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