This blog post emphasises the critical need for a comprehensive analysis in climate risk management, recognising the value of NGFS and IPCC scenarios while advocating for tailored, nuanced approaches that leverage additional insights and data.

Our society and economy are deeply intertwined with nature, but human activity has pushed nature into crisis—one-third of the world’s forests are gone, the rate of species extinctions is accelerating, and scientists have issued stark warnings about the rapidly declining health of ecosystems. At the heart of this crisis is a profound irony: we are jeopardising the very systems upon which our life depends.

In recent years, UK government figures have pointed towards a long-term decline in bee populations, and perhaps more worryingly, a study in the US found a decline in the honey yield per colony due to environmental degradation. Given this concerning evidence, World Bee Day was established by the UN General Assembly in 2017 to highlight the important role bees and other pollinators play in global food production, and how vital it is that we support them.

The Northern Hemisphere is now heading into the 2024 fire season, having just had its hottest winter on record. If it is anything like last year, we can expect to see further impacts on people, nature, and global markets.