“Financial Risk Management in the Anthropocene era”, in T. Walker et al,
Mexico - 1 July 2020
We examine the financial risk management of the climate crisis from three perspectives. First, we assess the serious risks from climate change. The ecological and financial consequences of climate change depend on the future path of emissions, as well as the specific circumstances of specific countries and populations. Second, we assess the previous success of market solutions through pricing sulfur and carbon dioxide emissions. Finally, we demonstrate the critical role of the insurance industry in creating incentives to reduce emissions and to invest in adapting to the climate changes that are already inevitable.
“Financial Risk Management in the Anthropocene era”, in T. Walker, D. Gramilich, M Bitar (Eds.) Ecological, Societal, and Technological Risks and the Financial Sector, Springer, Palgrave Macmillan (2020) 243-278.