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How financial risk became a climate risk: A genealogy of the financial concept of risk and investors’ ignorance of climate risks

Activity: Talk or presentation typesLecture and oral contribution

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Johannes Lundberg - Lecturer

In today’s economy, financial capitalism plays a pivotal role in mitigating/aggravating the climate crisis. More particularly, in this presentation, I will investigate how the theoretical development of the financial concept of risk has delayed climate action. To illuminate the consequences for climate action, I will analyze how the financial concept of risk has conditioned both the actions of investors towards fossil fuel companies and the rise of asset managers who enhances investor passivity. To help this situation, I reflect on six possible revisions to the concept of risk.
4 Mar 20225 Mar 2022

Event (Conference)

TitleDansk Filosofisk Selskabs Årsmøde
LocationAarhus Universitet
Degree of recognitionNational event

ID: 257947057