Climate Risk Tail Risk and the Price of Carbon Emissions-Answers to the Risk Management Puzzle

Climate Risk examines climate change as a risk management issue, detailing the problems inherent in that necessary but complex perspective. Written by a recognized risk management leader, this book details the impact of climate change on both the current economy, and the economy of future generations. Drawing on the insight of a team of Nobel Prize–winning economists, this informative book outlines the factors that make it difficult to price carbon emissions correctly, discusses the perspectives surrounding carbon emission taxation, and explores the probability of various climate change scenarios in the context of damages and valuation.

Readers will find detailed arguments for why risk managers should already be taking climate change seriously, and delve into the economic analysis of this global problem.