Addressing climate change is among the top challenges facing governments around the world, requiring drastic reductions of greenhouse gas emissions. In part this will be through new technologies but progress will also require encouraging significant changes in day-to-day human behaviour. Read more
In Southern California, Japan, Indonesia or other areas around the world prone to earthquakes, people at risk face vast uncertainty about when, where, and how strong the next one will be. Read more
Systemic risk in the financial system is risk tied not to one specific firm, but to the interactions between firms – for example, through possible avalanches of spreading financial distress. One important form of systemic risk arises from indirect links between financial institutions, created when financial institutions invest in the same assets. Read more
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