Because “outbreak” and “pandemic” and any of a dozen high-stakes words accompany dispatches about the deadly novel coronavirus, it’s not surprising, nor ill-advised, that the news media and financial markets respond with alarm to COVID-19.
Still, the critical response leaves scientists, environmental advocates and long-view money managers imploring: Where’s the impetus for moving on policy change and market-driven fixes (solutions to store carbon, for instance) to limit a future environmental health crisis — one on par with or even greater than a coronavirus?
The nature of a risk matters greatly in how we react to it. Coronavirus can be considered a present threat over which there is a great deal of uncertainty about its scale and impact, [yet] there is a significant possibility that its long-term impact is negligible,” writes Joe Wiggins, a researcher in portfolio and fund management, who’s behind the Behavioral Investment blog.
Article submitted by, dewater.
