The Guardian
In an article examining a major report by the University of Exeter and Carbon Tracker, Laurie Laybourn highlights how mainstream economic models routinely underprice systemic climate risks. The report warns that failing to account for "cascading risks"—such as how a drought can trigger food shortages, inflation, and migration—could lead to a global financial crash far harder to recover from than the 2008 crisis.
Laurie Laybourn, at the Strategic Climate Risks Initiative, said: “We are currently living through a paradigm shift in the speed, scale and severity of risks driven by the climate-nature crisis. Yet many regulations and government actions are dangerously out of touch with reality.”
