Climate Change: Science, Policy and Implementation – serie

Living in a low-lying and densely populated country on the front line of climate change, Bangladeshis are taking a lead in adapting to rising temperatures and campaigning to limit climate change. Global warming will worsen this country's existing environmental problems – causing a rise in sea level, more flooding and stronger, more damaging cyclones.Bangladeshis know what is coming, and how to respond, because they are already effectively combating environmental and social challenges. Cyclone shelters and warning systems have cut the fatality rate dramatically; new varieties of rice have raised nutrition levels; women's education has slowed population growth; land is being raised to respond to sea level rise. Bangladeshis will keep their heads above water, but at huge costs. Will the industrialised countries curb their greenhouse gas emissions and pay for the damage they have already done?

Living in a low-lying and densely populated country on the front line of climate change, Bangladeshis are taking a lead in adapting to rising temperatures and campaigning to limit climate change. Global warming will worsen this country's existing environmental problems – causing a rise in sea level, more flooding and stronger, more damaging cyclones.Bangladeshis know what is coming, and how to respond, because they are already effectively combating environmental and social challenges. Cyclone shelters and warning systems have cut the fatality rate dramatically; new varieties of rice have raised nutrition levels; women's education has slowed population growth; land is being raised to respond to sea level rise. Bangladeshis will keep their heads above water, but at huge costs. Will the industrialised countries curb their greenhouse gas emissions and pay for the damage they have already done?

Worst-case scenarios are all too real, and all too common. The financial crisis of 2008 was not the first or the last to destroy jobs, homeownership and the savings of millions of people. Hurricanes clobber communities from New York to Bangladesh. How bad will the next catastrophe be, and how soon will it happen?Climate and financial crises are serious events, requiring vigorous responses. Yet public policy is trapped in an obsolete framework, with a simplistic focus on average or likely outcomes rather than dangerous extremes. What would it take to create better analyses of extreme events in climate and finance, and an appropriate policy framework for worst-case risks? ‘Worst-Case Economics: Extreme Events in Climate and Finance’ offers accessible and surprising answers to these crucial questions.