“Technological developments can create new types of global risk, including risks from climate change, geo-engineering, and emerging biotechnology. These technologies have enormous potential to make people better off, but the benefits of innovation must be balanced against the risks they create. Risk reduction is a global public good, which we should expect to be undersupplied. This problem is especially urgent in situations where one group can unilaterally develop and implement a technology with global repercussions. The international community needs to continue to learn how to manage unilateral global risks like those from some forms of biotechnology and geo-engineering.”
The full article can be found here.