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Our dependency on oil continually creates security risks. Most threatening of all is the specter of uncontrolled climate change.
Left unchecked, climate change risks not only making the poorest poorer, but pulling the emerging middle classes back into poverty, too.
There is a need for greater multilateral cooperation to resolve trade conflicts, to address climate change and risks from cybersecurity, and to improve the effectiveness of international taxation.
Deliberately modifying the earth's atmosphere would be a desperate gamble with significant risks. Yet the more likely climate change is to cause devastation, the more attractive even the most perilous attempts to mitigate those changes will become.
The direct risks from climate change are obvious: as changing weather patterns cause extremes of flood and drought, hurricanes and typhoons. These damage the physical infrastructure of buildings and bridges roads and railways. They are violent and disruptive.
Ever since the collapse of cap and trade legislation and the realization that President Obama is unlikely to ever utter the words 'climate change' in public again, much less use the bully pulpit to prepare the nation for the catastrophic risks of inaction, the movement has been in a funk.
We have a structural problem because you can simultaneously understand the medium to long-term risks of climate change and also come to the conclusion that it is in your short-term economic interest to invest in oil and gas. Which is why, you know, anybody who tells you that the market is going to fix this on its own is lying to you.