Seminar on risk and climate change, held at the Swedish Riksdag in Stockholm.

On 27 September 2013 some of the world's leading risk experts meet in the Swedish parliament's Second Chamber. They discuss how the new data from the IPCC should be integrated into decision-making.

The seminar "Climate change – risk and opportunity indicator" is under the auspices of the Global Challenges Foundation together with GLOBE Sweden. It includes discussions about financial analytical tools and instruments, as well as security policy experiences, in dealing with global risks. In addition, the seminar discusses how these approaches, specifically can guide the rapid emission reductions needed. This, in order to substitute the incremental and insufficient approaches today.

Climate change is a global catastrophic risk issue. Furthermore, we now have a situation where emissions are so high that the probability of extreme warming, six degrees or more, has reached markedly high levels. We can no longer ignore this risk.

Traditional risk analysis considers the following equation. The total magnitude of a risk is a factor of the potential future damage, then multiplied by the probability that this damage will occur. Moreover, what this equation clearly shows is when the potential damage of a risk is of enormous scale. For this reason, we cannot simply discount it on the basis of uncertainty, or a seemingly low probability.

At this meeting the Global Challenges Foundation also launches a global risk and opportunity indicator. Based on the IPCC's new data, it is to demonstrate the risks for different degrees of warming at different greenhouse gas concentrations.

The purpose of the Seminar climate change Swedish Riksdag is to be relatively small. This in order to enable a dynamic dialogue about risk evaluation and catastrophic climate change. The organizers are happy to see people with different competences and background participating.

The former second chamber of the Swedish Parliament, Riksdagen

Laszlo Szombatfalvy, Chairman of the Global Challenges Foundation, greets Peter Bakker, President of the World Business Council for Sustainable Development, to the conference.

Laszlo Szombatfalvy, Chairman of the Global Challenges Foundation, discusses the conference with Johan Rockström of the Stockholm Resilience Center and Margot Wallström, spokesperson of the Global Challenges Foundation.