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HUMSS - Debjani Bhattacharyya

Dr. Debjani Bhattacharyya
History
University of Philadelphia

Insuring Winds: Financial History of Climate Science
When May 10, 2021
from 03:00 PM to 04:00 PM
Where Zoom-Meeting
Contact Name
Attendees Universitätsoffen / Open to university members
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Insuring Winds: Financial History of Climate Science

Profitable decarbonization and the greening of asset portfolios are increasingly used to mitigate climate threats. Are there historical antecedents to using financial instruments to tackle climate threats? This talk shows how, from the 18th century on, both British imperial expansion in the Indian ocean and the simultaneous expansion of the marine insurance industry initiated a process of financializing weather events. Actuarial innovations to tackle cyclones and wrecks played a critical role in shaping nineteenth-century theories of climate disturbance. Bridging financial and climate history, this talk documents how the Indian Ocean became a laboratory of climate science and financial innovation from the late 18th century.