Science

Severe ocean risks threaten food prices, pensions and global economic resilience

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Briefings

A new report from the Institute and Faculty of Actuaries, University of Exeter, and The Ocean Race warns that severe ocean risks are worsening and could become catastrophic without intervention. The study highlights how climate change impacts food prices, pensions, and global economic resilience through rising sea levels and extreme weather events.

Key points

• The Institute and Faculty of Actuaries (IFoA), University of Exeter, and The Ocean Race jointly published a report warning that ocean risks are severe and worsening, potentially becoming catastrophic without course correction.
• The report identifies specific threats to food prices, pensions, and global economic resilience driven by climate change impacts on coastal regions.

Context

This briefing summarizes a joint report from the Institute and Faculty of Actuaries, University of Exeter, and The Ocean Race regarding severe ocean risks. The study analyzes how climate change affects global stability through rising sea levels and extreme weather events.

Limitations

The evidence is limited to the specific report mentioned, which does not provide detailed data on specific regions, exact dates of future events, or quantitative projections beyond the general warning of potential catastrophe.

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