02 December 2016

Economics of Planetary Security

The Hague – Monday December 5, 2016: A new monitor has for the first time modelled the economic impact of climate change together with conflict risk with startling results.

The monitor and accompanying report, the Economics of Planetary Security: Climate Change as an Economic Conflict Factor, was produced by The Hague Centre for Strategic Studies (HCSS) and Clingendael Institute as a key input to the Planetary Security Initiative conference, taking place in The Hague, the Netherlands on December 5 and 6 supported by the Dutch Ministry of Foreign Affairs.

The monitor is innovative in its inclusion of security risks related to the transition to a low carbon economy, a topic of increasing concern for financial investors and conflict analysts, according to Louise van Schaik of the Clingendael Institute, a co-author of the report and Project Manager of the Planetary Security Initiative.

Michel Rademaker, Deputy Director of HCSS, said the monitor assessed Conflict Vulnerability, Climate Change Vulnerability, Low Carbon Risk and Economic Resilience to produce an aggregate resilience indicator. Ultimately, this monitor shows how resilience to the above vulnerabilities could be bolstered. With the report, the institutions sought to uncover what it is that makes some countries resilient and to ask whether we can introduce these factors to other countries to help protect people from worsening impacts.

Read the full press release