EAA Web Session: "10 Years since Paris Climate Accord – Sunny Future or Rainy Days?"

Einleitung/Dauer

In 2016 the Paris Climate Accords came into force, with signatory nations committing to limit global warming to well below 2°C, ideally to under 1.5°C compared to pre-industrial levels. A decade later, it’s time to assess the progress in the context of the global energy sector's transition.

While global temperatures continue to rise and yearly emissions reached new records, the expected temperature increase by 2100 under the 'business as usual' scenario of the UN and other organizations has been reduced by 1°C since 2015.

This significant and previously unexpected reduction can primarily be attributed to the substantial expansion of solar energy worldwide, which has increased tenfold since 2015, and whose production now exceeds that of nuclear power during the summer months.

The web session will shed light on the implications of this dramatic increase in electricity production form solar power. In addition, related key developments in the energy sector will be analyzed, that contributed to the decline of the rise in the predicted temperature. For example, what impact did the coal phase-out in Belgium (2016), the United Kingdom (2024), and Ireland (2025) have? What have been the effects of the global expansion of wind and solar energy? Is green hydrogen already contributing to decarbonization? Has the adoption of electric vehicles had a noticeable effect on oil demand?
Together, we will look back at the developments since 2015 and examine scenarios for the technologies that have proven to be successful.

Preliminary Programme
Thursday, 26 February 2026
10:00-10:30 Review of temperature growth in the past and forecasts
10:30-11:30 Progress from 2015 through 2025
11:30-12:00 Scenarios for the next decade

All the above times are given in CET (Central European Time).

Vorgehensweise und Ziele

For actuaries, up-to-date knowledge of recent technological advances and the transition away from fossil fuels is essential for refining long-term investment models and managing climate-related uncertainties. We discuss how the movement towards peak coal, peak gas, and peak oil may create substantial financial risks and opportunities. These developments could trigger significant financial upheavals, which actuaries need to account for when assessing climate-related risks, pricing insurance products, and managing investment portfolios.

Teilnehmer

This session is designed for professionals interested in the latest technological developments aimed at mitigating climate change. It is particularly relevant for actuaries engaged with sustainability or ESG topics, as well as those working in the investment sector.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Dozierende

Morgan Charlet
Morgan Charlet is an actuary and Certified Actuarial Data Scientist at the German primary insurer R+V. With degrees in mathematics and International Economics & Finance, he has gained extensive experience in various roles within the primary insurance sector. In addition to his main job, he is active as a tutor and lecturer for mathematics and data science at private universities and universities of applied sciences. His presentation on the evolution of global energy production over the past decade attracted considerable attention at the 2025 annual meeting of German actuaries.

Sprache/Kurztitel

The language of the web session will be English.

CPD Credits
For this web session, the following CPD credits are available under the CPD scheme of the relevant national actuarial association:

• Austria: 2 points
• Belgium:  2 points
• Bulgaria:  3 points
• Croatia: individual accreditation
• Czechia:  2 hours
• Denmark 2 credits
• Estonia:  2 hours
• Finland: 2 points
• France:  12 points
• Germany:  2 hours
• Greece: 3 points
• Hungary:  2 hours
• Iceland: 2 credits
• Ireland: 2 hours
• Italy: individual accreditation
• Latvia: 2 hours
• Lithuania: 2 hours
• Netherlands:  approx. 2 points (individual accreditation)
• Norway: 2 points
• Poland: 2 hours
• Portugal: 2 hours
• Serbia: 2 hours
• Slovakia:  individual accreditation
• Slovenia:  individual accreditation
• Spain: CAC: 2 hours, IAE: 2 hours
• Switzerland:  individual accreditation
• USA: SOA (Section B): up to 2.4 hours

No responsibility is taken for the accuracy of this information.