The 21st century is shaping up as a world of global risks. We’ve seen the effects of global terrorism, systemic financial failure and pandemic, and we’ve adjusted (or are in the process of adjusting) to the policy responses deployed to contain these risks. Riskthinking.AI methodology is at the cutting edge of translating climate risks into financial risks; a crucial step in spurring companies to respond more effectively to the climate crisis.
Australia’s greenhouse gas accounting underestimates national emissions by about 10%, largely due to a failure to properly recognise the impact of methane released during gas production, an analysis has found.
We need to start taxing emissions and incentivizing green technologies. Fossil fuel firms should pay for their negative environmental externalities. This could usher in a new and fairer economic paradigm.