4 December | Online

Pension funds are risking retirement savings by relying on flawed economic research that underestimates climate change risks. This report shows that many funds predict minimal impact from 2 to 4.3°C of warming, ignoring scientific warnings of severe threats. 

Key Findings: 

• Pension funds use economic models predicting minimal damage from global warming.
• These models conflict with scientific warnings of severe impacts. 
• Economists’ reviews lack climate science expertise. 
• Pension funds must correct misleading predictions. 
• Financial regulators need accurate climate data for stress tests. 

The report urges all stakeholders to base climate policies on scientific evidence, treating climate change as a potential existential threat. 

Speakers:

• Mark Campanale, Founder & Director, Carbon Tracker Initiative
• David Russell, Chair of Board, Transition Pathway Initiative 
• Willimeijn Verdegaal, Chief Product Officer, Trex Analysis  
• Moderated by: Amy Owens, Finance & Net Zero Energy Transition Associate Analyst, Carbon Tracker Initiative

Click HERE to download the Supporting Slides (Modified for PDF format)