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Urgent Action Needed to Prevent 2°C Global Warming

1/15/2026

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Summary

Story summary

Institute and Faculty of Actuaries (IFoA) and the University of Exeter warn global warming could reach 2°C by 2050 without urgent action.
They say traditional models underestimate risks, predicting only 2.1% of global GDP damages for a 3°C rise.
Recent analyses indicate a 15–20% contraction in global GDP due to severe climate shocks.
They urge a "Planetary Solvency" recovery plan and immediate action to mitigate climate impacts.

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Story summary

Institute and Faculty of Actuaries (IFoA) and the University of Exeter warn global warming could reach 2°C by 2050 without urgent action.
They say traditional models underestimate risks, predicting only 2.1% of global GDP damages for a 3°C rise.
Recent analyses indicate a 15–20% contraction in global GDP due to severe climate shocks.
They urge a "Planetary Solvency" recovery plan and immediate action to mitigate climate impacts.