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Adapting to Tail Risks: Surviving the Cascading Risks from Climate Change

Climate Risk Podcast

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The Risks of Climate Change

The risks, you know, affect the whole economy, nations or jurisdictions. The big risks, i think, are the indirect risks, not the direct risk. These cascading risks have economic impacts that are orders a magnitude greater than the direct costs of the hazard itself. We're used to thinking about will that factory get flooded? We haven't thought about what happens if we just can't get the components? And that's the sort of thing that i think people ought to raise up their consciousness.

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