In November 2009 AISEC along with Kairos Futures conducted a survey of over 3,000 young people from around 122 countries about their views on climate change. The results were telling. 73% of respondents believe climate change to be a greater threat to society than the war or terrorism, and nearly all see their main responsibility as being to leave the world in better shape than their parents did. Here is a run down of their findings.

Crises are normal and of all times: they are always generally unexpected, with the next one quite different from the previous one (as we have put the breaks and stress-tests in place to prevent the previous one from occurring again), and more difficult to contain, manage and resolve. What the current crisis has taught us is how interdependent the world has become;

 The 2007-2009 financial crisis was a perfect "black swan" event: unexpected, a rarity, with broad and deep impacts; and, with the benefit of hindsight, it was also retrospectively rationalised by many "experts". We got it all "sensationally" wrong: bankers (like myself), policy-makers, supervisors, auditors, research analysts, economists, civil society itself. And even as the crisis was unfolding, many initially did not consider its seriousness. We saw dangers of shocks, but underestimated the confluence and impact thereof.  

GLOBE-Net (October 16, 2009) What is the role of investors in creating a more sustainable economy? A survey of fund managers just published by the UK’s Fair Pensions campaign provides challenging reading for anyone who believes that a green future will emerge simply through market forces operating in the investment community. The market purist argument is that the system should regulate itself; because if climate change really is a material risk for businesses, it should be built into the way companies are valued. Companies whose factories or plantations could be destroyed by climate change-induced floods or droughts should be less attractive investments than ones making wind turbines or hybrid car engines. 

In the Danish fairy tale by Hans Christian Andersen, an Emperor goes out among his subjects in his underwear. Two swindlers posing as tailors have convinced him he’s wearing a suit made from cloth that’s invisible to anyone who is stupid.  Not wanting to accept that he’s stupid, the Emperor parades through his empire believing he’s fully dressed.It now is up to the U.S. Senate to make sure Uncle Sam is not only fully dressed, but dressed for success when he shows up in Copenhagen Dec. 7 to work on a global climate deal. Access the whole article at:  http://www.forceforgood.com/Articles/Dressing-for-Copenhagen-436/1.aspx