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TED Talks Daily

How climate shocks could break the economy | Edmond Rhys Jones

TED Talks Daily

TED

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4.1 β€’ 11.9K Ratings

πŸ—“οΈ 13 November 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Climate change isn't just reshaping our planet β€” it's also shaking the very foundations of the economy, says sustainability expert Edmond Rhys Jones. He explores the massive gap between what science tells us about the climate crisis and how the economy measures its impact, advocating for economists to borrow tools from science (like simulations and digital twins) to prepare for the turbulence ahead.



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Transcript

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0:00.0

You're listening to TED Talks Daily, where we bring you new ideas to spark your curiosity every day.

0:12.3

I'm your host, Elise Hugh.

0:14.3

In 2021, while the world reeled from devastating floods and record-breaking droughts, an investor asked an uncomfortable question.

0:23.0

Is solving climate change really worth it?

0:26.2

In this talk, climate pathfinder Edmund Reese Jones

0:29.3

digs into the question,

0:30.9

revealing the massive gap between what science tells us

0:33.5

about the climate crisis and how the economy measures its impact.

0:37.5

Edmond shares why this is a moment for us to rethink how we model, predict, and prepare

0:42.6

for the turbulence ahead.

0:48.5

2021 was a bad year for natural disasters.

0:53.3

That was the year that floods killed 1,700 people in Pakistan.

0:58.0

And Europe began what would be the worst drought in 500 years.

1:02.0

And that was the year, one of my clients turned to me and said,

1:06.0

is it really worth solving climate change?

1:11.6

Well, look, he was an investor.

1:14.6

What he wanted to understand was the economic return

1:18.6

on the trillions of dollars we have to spend to get to net zero.

1:22.6

So that's a good question, right?

1:24.6

And there's a good answer.

1:26.6

But I also found a problem. You see, there's a good question, right? And there's a good answer. But I also found a problem.

1:29.8

You see, there's a huge gap

...

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