Scientists warn: “Current economic models can’t capture what matters most – the cascading failures and compounding shocks that define climate risk in a warmer world… For financial institutions and policymakers, it’s a fundamental misreading of the risks we face.”
www.theguardian.com/environment/...
theguardian.com
Flawed economic models mean climate crisis could crash global economy, experts warn
States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points