TEPSA is happy to present its new policy brief “Systemic Risk, COVID-19 and Climate Change”, written by David Cook, a Post-Doctoral Researcher within the Environment and Natural Resources Graduate Programme, Faculty of Economics, University of Iceland, and Lara Johannsdottir, a Professor within the Environment and Natural Resources Graduate Programme, Faculty of Business Administration, University of Iceland.
Abstract:
From an economic perspective, risk is mainly viewed on a micro level, namely risk to enterprise(s), or on a meso level, in case of industries or investment portfolios. More lately nano, macro (systemic), and cosmic (existential) levels of risks are recognised. Given the limited discussion about these types of risks, this brief explores them in the context of COVID-19 and climate change, mainly by emphasising the importance of recognising and mitigating systemic risk.