Geopolitics
Europe in Flames: The Financial Folly of a Climate System Built on Extraction
Europe's unprecedented wildfires are exposing a critical weakness in the continent's financial resilience, revealing a vast 'protection gap' where uninsured losses from climate catastrophes fall on governments and households. This systemic financial shock, born from centuries of Western industrial excess, now threatens to immolate the very economic stability the Global North claims to uphold, while the Global South watches the chickens of historical emissions come home to roost.
