The End of Stationarity

The End of Stationarity

Searching for the New Normal in the Age of Carbon Shock

Book - 2016
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Scientists have devised a new term to explain the turmoil caused by climate change: the end of stationarity. It means that our baselines for rainfall, water flow, temperature, and extreme weather are no longer relevant―that making predictions based on past experience is no longer possible. But climate change has upended baselines in the financial world, too, disrupting the global economy in ways that are just becoming clear, leaving us unable to assess risk, and causing us to fundamentally re-think economic priorities and existing business models. At the heart of that financial unrest is the role of carbon, and as the world moves toward making more and more polluters pay to emit it, a financial mystery unfolds: What are the costs? Who has the responsibility to pay for them? Who do you pay? How do you pay? And how will those costs ripple through the economy?
Publisher: White River Junction, Vermont : Chelsea Green Publishing, [2016]
ISBN: 9781603586801
1603586806
Characteristics: xvii, 220 pages ; 23 cm

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