Listen to the discussion below, as John Allen and Michael Pryke talk about the abilities of finance to offer a solution to risks presented by nature.
This work is linked to the Environment and Society course - DD213, which studies the entanglements between society and the environment. And explores how financial markets are being a solution to some of the risks to firms and their profitability presented by nature. It broadly looks at how weather such as severe drought, too much rainfall, unusually warm winters and so on, can be quantified and turned into financial instruments called ‘weather derivatives’, specific financial contracts engineered to enable firms potentially exposed to such weather variables to manage the associated risk to their profitability.
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Geography Matters Hub
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The European Union and the impact on mixed nationality relationships in northern Finland
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Investigating environmental futures through speculative design
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