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Hedging Planetary Risks: 'From Weapons of Mass Destruction to Tools of Massive Social and Ecological Innovation'

Author

Listed:
  • Stefan Brunnhuber
  • Mariana Bozesan
  • Jeffrey Golden
  • Garry Jacobs
  • Phoebe Koundouri

Abstract

Cost analyses and risk assessments in the Anthropocene era need to differ from those of the past. Future developments now are determined byopportunity costs and planetary risks. We provide a first comprehensive systematization that can serve as a template for blended finance and blendedsecuritization in order to finance our global commons. We show that financing our future requires multiple new financial engineering techniques thatbuild upon the experiences of the private sector, but need to be adapted to meet the criteria of force majeure and planetary risks.

Suggested Citation

  • Stefan Brunnhuber & Mariana Bozesan & Jeffrey Golden & Garry Jacobs & Phoebe Koundouri, 2021. "Hedging Planetary Risks: 'From Weapons of Mass Destruction to Tools of Massive Social and Ecological Innovation'," DEOS Working Papers 2112, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2112
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    References listed on IDEAS

    as
    1. L. Randall Wray, 2015. "Modern Money Theory," Palgrave Macmillan Books, Palgrave Macmillan, edition 2, number 978-1-137-53992-2, September.
    2. Chenet, Hugues & Ryan-Collins, Josh & van Lerven, Frank, 2021. "Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy," Ecological Economics, Elsevier, vol. 183(C).
    3. Stefan Brunnhuber, 2021. "Financing Our Future," Springer Books, Springer, number 978-3-030-64826-8, September.
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