Geopolitics, not climate, is Routledge’s top risk call for Canadian insurers

The next frontier, Routledge argued, will be transition risks as the global energy mix shifts. Unlike physical perils, these risks are unlikely to unfold gradually. “A warmer planet will increase transition risk, but it’s unlikely to be monotonic or linear,” he said. “It’s likely to be non-linear, with sudden shifts in the energy mix – and Canada needs to be at the forefront of understanding that.”