Speaker: Roberto Pasqualino C-EENRG Fellow, University of Cambridge & Co-Author of ‘Resources, Financial Risk and the Dynamics of Growth: Systems and Global Society’
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Abstract ‘The Limits to Growth’ pioneered the understanding that exponential growth could eventually lead to overshoot of the planetary boundaries no later than by mid-21st century. However, criticisms to the study included the lack the dynamics linked with the financial sector. Building on the World3 Limits to Growth model, Dr Pasqualino developed the Economic Risk Resources and Environment model, which objective was to include financial variables (e.g., resource prices, interest rates, debt, and others) and closed feedbacks with the limits proposed by the World3. The study confirms the results proposed by ‘The Limits to Growth’ and extends it with new insights relative to the dynamics of resource prices, employment, and general economic downturn using scenario analysis.
Biography Dr Roberto Pasqualino is a C-EENRG Fellow and a Research Associate in the Department of Land Economy, University of Cambridge, working on the science-policy interface to support systems transformation towards a more just and sustainable society. Dr Pasqualino interdisciplinary background combines extensive training in complexity science, finance, mathematics, computer sciences, dynamic systems modelling, economics and public policy. At C-EENRG, he is working in the £3m BEIS- and CIFF-funded Economics of Energy Innovation Systems Transition (EEIST) research project. Dr Pasqualino is a lead author of the book ‘Resources, Financial Risk and the Dynamics of Growth: Systems and Global Society’ (Routledge, 2020) and a co-author of the book ‘Corporate Sustainability in Practice’ (Springer, 2021)