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Global Catastrophes: The Most Extreme Risks

In Vicki Bier (editor), Risk in Extreme Environments: Preparing, Avoiding, Mitigating, and Managing. New York: Routledge, pages 174-184.

11 Pages Posted: 4 Oct 2017  

Seth D. Baum

Global Catastrophic Risk Institute

Anthony M. Barrett

Global Catastrophic Risk Institute

Date Written: October 2, 2017

Abstract

The most extreme risk are those that threaten the entirety of human civilization, known as global catastrophic risks. The very extreme nature of global catastrophes makes them both challenging to analyze and important to address. They are challenging to analyze because they are largely unprecedented and because they involve the entire global human system. They are important to address because they threaten everyone around the world and future generations. Global catastrophic risks also pose some deep dilemmas. One dilemma occurs when actions to reduce global catastrophic risk could harm society in other ways, as in the case of geoengineering to reduce catastrophic climate change risk. Another dilemma occurs when reducing one global catastrophic risk could increase another, as in the case of nuclear power reducing climate change risk while increasing risks from nuclear weapons. The complex, interrelated nature of global catastrophic risk suggests a research agenda in which the full space of risks are assessed in an integrated fashion in consideration of the deep dilemmas and other challenges they pose. Such an agenda can help identify the best ways to manage these most extreme risks and keep human civilization safe.

Keywords: risk, catastrophic risk, extreme risk, global catastrophic risk

Suggested Citation

Baum, Seth D. and Barrett, Anthony M., Global Catastrophes: The Most Extreme Risks (October 2, 2017). In Vicki Bier (editor), Risk in Extreme Environments: Preparing, Avoiding, Mitigating, and Managing. New York: Routledge, pages 174-184. . Available at SSRN: https://ssrn.com/abstract=3046668

Seth Baum (Contact Author)

Global Catastrophic Risk Institute ( email )

Anthony Barrett

Global Catastrophic Risk Institute ( email )

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