Climate-risk disclosure and the “tragedy of the horizon”

The classic problem in environmental economics is the “tragedy of the commons.” Bank of England Governor Mark Carney called out a related tragedy in a speech to insurers in London in September 2015. “Climate change is the tragedy of the horizon,” said Carney, who also chairs the G20s Financial Stability Board. “We don’t need an … Continue reading Climate-risk disclosure and the “tragedy of the horizon”