How climate shocks could break the economy | Edmond Rhys Jones

This TED Talks Daily podcast features Edmond Rhys Jones discussing the gap between climate science and economic models, arguing that current economic analyses fail to capture the turbulence and disruption caused by climate change. He suggests that traditional economic tools lack the imagination to anticipate future impacts and advocates for using simulations and complexity economics to better understand and manage climate risk. Jones highlights the potential for financial infrastructure to break under increasing climate pressures and proposes innovations like parametric insurance to build resilience, ultimately emphasizing the economic case for climate action and resilience-building investments.