“The climate crisis could trigger a global financial crash as temperatures rise beyond 2C, but governments and investors are relying on economic models that fail to account for the scale and severity of the damage.”
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@greenpeace What! A #story about a #model that's ignoring a #model?
You could hunt down the grand debunk of the economic models used by Steve Keen. He wrote an article to provide investors the basic information regarding this topic” Playing Dice “ features in the article title.
The main point of the publication was to tell investors that they need to demand that their pension funds have a fin duty to gain a realistic sense of risks.
The one part of the financial sector that deeply understands the threat of extreme weather is the insurance side
@greenpeace Metric/indicator so intrinsic to building the polycrisis sure as hell won't do well out of it - one of the stupefying aspects of #FossilCapital is the notion there's some future exclusive happy land for the wealthy, once ecosystems are screwed