Quotation Chichilnisky, Graciela, Rezai, Armon. 2014. 'Business as Usual' is not an environmentally viable option. Financial Times, 03.03.


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Abstract

Sir, We fully agree with Robin Harding, in "A high price for ignoring the risks of catastrophe" (February 18), that the current academic discourse focuses too narrowly on optimal pricing, and ignores the potentially catastrophic nature of climate change. We would like to add two items to the list: first, the concept widely used in economics to evaluate catastrophic risks is plainly not helpful in informing decisions about rare but disastrous events, and second, carrying on with "business as usual" is neither environmentally viable nor economically sensible. [...]

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Magazine/newspaper article
Language English
Title 'Business as Usual' is not an environmentally viable option
Title of journal Financial Times
Year 2014
Date March 3, 2014
URL http://www.ft.com/intl/cms/s/0/544e3df6-a085-11e3-8557-00144feab7de.html

Associations

People
Rezai, Armon (Details)
External
Chichilnisky, Graciela (Columbia University, United States/USA)
Organization
Institute for Multi-Level Governance and Development IN (Details)
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