I wonder why there is no financial instrument which cleanly isolates climate risk. Seems like there would be a thriving market in that.
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I mean there are markets in things which clearly are there less for headging and more to extract money from Less Serious People (e.g. gold).
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Climatecorp used to predict weather so they could make money selling insurance to farmers https://en.wikipedia.org/wiki/The_Climate_Corporation …
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If Serious People believed there is negligible risk from climate change, it would be easy to buy insurance for it.
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the ecological model and the economic model aren’t always compatible. ie. the economic model depends on increasing population.
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a lot of the worst damage is pretty far in the future, may be hard to go short on value of beachfront property in 50 a years
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Or they looked at climate change, concluded that it's a sure thing, and decided to stop picking up pennies in front of bulldozers.
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or it means the financial people don’t want to offer the other side of the bet?
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