Why our economic models are failing to predict climate catastrophe
In short: Climate change is destabilizing the global economy, yet our financial metrics remain dangerously out of sync with scientific reality. This talk explores how we can bridge this gap to prepare for upcoming environmental turbulence.
Sustainability expert Edmond Rhys Jones argues that there is a profound disconnect between the scientific understanding of the climate crisis and the way economic impact is currently measured. As climate change reshapes the planet, it simultaneously threatens the foundations of our economic systems.
To navigate this instability, Jones suggests that economists must adopt methodologies used in the scientific community. By integrating tools such as digital twins and complex simulations, economists may better anticipate and manage the profound shocks that climate change will bring to the global economy.
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- Summary by Intellect · source: Edmond Rhys Jones: How climate shocks could break the economy
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