New Report Warns Ocean Risks Could Trigger Systemic Economic Shocks
What happened
The University of Exeter and the Institute and Faculty of Actuaries co-authored a report titled 'Ocean Maelstrom - Navigating the Climate Storm'. The report states that ocean risks are already severe and worsening, with the potential to become catastrophic without a change of course. It warns that consequences could affect global trade, fisheries, shipping, and insurance.
From miragenews.com
Why it matters
The report highlights that ocean degradation is a significant blind spot for economic and financial decision-makers. It outlines a systemic-risk scenario showing how interacting ocean, climate, and geopolitical pressures could cascade through food production, global trade, and financial markets. This could contribute to food-price shocks, higher living costs, and wider inflationary pressures.
Actuaries and academics are discussing how climate shocks and societal influence are affecting Earth.
From miragenews.com
Who's involved
- University of ExeterCo-authored the report on ocean risks with the Institute and Faculty of Actuaries
- Institute and Faculty of ActuariesCo-authored the report on ocean risks with the University of Exeter
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The entities involved
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University of Exeter
public research university located in Exeter, United Kingdom
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Institute and Faculty of Actuaries
UK chartered professional body
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