Researchers at Lloyd's of London say the likelihood of climate change leading to a Green Cold War is increasing.
The latest report report from Lloyd’s of London puts a spotlight on risks most of us have never considered.For years, I have been telling anyone who will listen that in the final analysis, insurance companies will be the arbiter of whether climate change makes the Earth.
In association with the Center for Risk Studies at the University of Cambridge, Lloyd’s of London has just released a new report entitledBloomberg Green “In just the last decade, the geopolitical risk landscape has undergone something of a paradigm shift. The Western-dominant, American-led, liberally fiscal, status quo that defined the political world and economic growth for much of the second half of the 20th century no longer feels like a realistic barometer for how future events — wars, riots, elections, treaties — will play out on the global stage.
“Most of the last decade’s geopolitical upheavals can be directly attributed to the fallout from the global financial crisis and the austerity measures that followed. The economic havoc generated by covid-19 has reopened many of those wounds and will carry with it new rivalries as well as the hangover of national debt.
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