
Climate Crisis Could Cause Global Financial Crash as Economic Models Fail to Capture Risk / “Until the gap between scientists and economists’ expectations of future climate damages is closed, financial institutions will continue to chronically under-price climate risks.”
– Mark Campanale
Source: Keith_McNeill65
4 Comments
The economy is a sub system we seem to behave like it’s the primary one. Ecosystem services are immense compared to GDP. Can’t really be substituted either.
Will.
Hubris has never won against nature.
Wow the collapse of the ecosystem and our food and water resources might affect our ability to make money? Who knew.
Economics are the worse