This paper describes the challenges victims, insurers and governments face in dealing with insurance for low-probability high-consequence events in both developed and developing economies. In developed economies, given their limited experience with catastrophes, there is a tendency for all three...

The issue of climate change has at long last made its way into mainstream policy discussions in the United States. However, the focus both in the United States and internationally has been on reducing energy production and transportation emissions. This has led the media, policy makers and the...

Currently, there are no adequate mechanisms under international law to balance the competing tensions climate change presents to state sovereignty. On one hand, climate change threatens state sovereignty because the catastrophic loss of life and property of millions of people would deprive...

This article explores the difficulties faced by regulators when they decide to regulate greenhouse gas emissions. For a long time, there was sufficient scientific uncertainty as to encourage a 'wait and see' approach. More recently, as the science has hardened with the release of the IPCC Fourth...

Human induced climate change is driving rapid biophysical changes throughout the oceans and seas that cover over two-thirds of the Earth’s surface. The most widely discussed effect of climate change in the marine and coastal environment is sea level rise, and the transformation of coastal...

In this article, the author draws attention to the fact that the climate change net is being drawn increasingly tighter around the public and private sectors in order to chase down their climate change footprint. Set in the context of the Stern Review Report and the 2007 IPCC Reports, the author...