Document Type
Article
Publication Date
7-2025
ISSN
2816-7414
Publisher
University of Toronto Press
Language
en-US
Abstract
In this roundtable discussion, Savannah Cox speaks with three experts about the financialization of climate risk governance: Kelly Hereid, a climate scientist at Liberty Mutual, Madison Condon, an associate professor at Boston University School of Law, and Emma Colven, a lecturer in risk, environment, and society at King’s College London. In this conversation that ranges from Miami to Jakarta, Savannah, Kelly, Madison, and Emma discuss the legal, political, and technical challenges relating to financialized climate risk governance: on one hand, the rise of insurance companies and rating agencies as de facto “risk assessors” and, on the other hand, the proliferation of for-profit climate risk analytics, an emerging field of practice at the intersection of climate models and asset-level decision-making. The conversation examines the relevance of these developments for policymakers in the urban climate adaptation space and highlights their collective concerns about the challenges associated with integrating climate risk analytics into urban governance and decision-making. More specifically, they discuss issues concerning the accuracy and accessibility of climate risk information and how both may shape how urban adaptation plays out.
Recommended Citation
Emma Colven, Madison Condon, Kelly Hereid & Savannah Cox,
The Potential and Perils of Financializing Climate Risk Governance: Insights for Urban Policymakers
,
4
Journal of City Climate Policy and Economy
36
(2025).
Available at:
https://doi.org/https://doi.org/10.3138/jccpe-2025-0007
