Climate change is drawing us into a complex and uncertain future. Climate Uncertainty and the Arts is a working paper which explores how the arts might contribute.
One thing is certain: the risk management techniques we currently use to control companies, projects, and financial portfolios are dangerously overrated. Within carefully defined limits, they are perfectly okay at what they do. But climate change demands big societal changes, and for those changes we shouldn’t rely solely on such techniques — everything from enterprise-level risk matrices, to Climate VaR or portfolio temperature alignment — any more than we should try to cross the Pacific Ocean in a toy boat.
Unpredictability and uncontrollability are at the heart of climate change. The most promising approaches to climate action — things like mission-driven approaches at the enterprise level, transformative climate justice at the policy level — all share this insight. When we dwell with the unpredictable and the uncontrollable, instead of wishing it away with sophisticated calculations, this tends to reinforce the importance of participatory approaches.
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