Climate change is drawing us into a complex and uncertain future. Climate Uncertainty and the Arts is a working paper which explores how the arts might contribute.
One thing is certain: the risk management techniques we currently use to control companies, projects, and financial portfolios are dangerously overrated. Within carefully defined limits, they are perfectly okay at what they do. But climate change demands big societal changes, and for those changes we shouldn’t rely solely on such techniques — everything from enterprise-level risk matrices, to Climate VaR or portfolio temperature alignment — any more than we should try to cross the Pacific Ocean in a toy boat.
This article is from PASTRES, a research programme that aims to learn from pastoralists about responding to uncertainty and resilience, with lessons for global challenges. PASTRES is co-hosted by IDS.
