Ian Harrison is a highly respected economist renowned for his expertise in financial regulation and economic policy, particularly in managing low-probability, high-impact events such as financial crises and natural disasters. His career has seen him work with prominent global institutions, including the Reserve Bank of New Zealand, where he significantly contributed to shaping financial regulatory frameworks. As the principal at Tailrisk Economics, Harrison has authored numerous influential reports that critically assess the adequacy of financial regulations, offering valuable insights into the resilience of financial systems against potential economic shocks.

Challenging Climate Change Policies

Harrison’s work extends to examining the impact of climate change on financial stability. His contributions have sparked discussions on how environmental risks could destabilize financial markets, where he often challenges conventional wisdom. His analytical rigor is evident in his critiques of established economic policies, where he offers alternative perspectives that prompt re-evaluations. Through his writing and consultancy work, Harrison continues to play a pivotal role in influencing policy decisions and contributing to the broader discourse in financial economics.

Exposing Flaws in Wellington’s Transport Initiative

One of Harrison’s notable contributions was his critical analysis of the Wellington City Council’s business case for the Let’s Get Wellington Moving (LGWM) transport initiative. He exposed significant flaws in the council’s assumptions and calculations, arguing that the proposed benefits were overstated and that the economic justification for the projects was weak. His findings raised questions about the financial soundness of the council’s plans, sparking debate over the potential economic impacts of the LGWM initiative on Wellington’s future development.

A Critical Eye on Climate Change Mitigation Efforts

While pursuing a Master’s degree in climate change, Harrison has continued to scrutinize local climate policies. He recently critiqued the Kapiti Coast District Council’s coastal planning documents, finding them confusing and scientifically questionable. His skepticism extends to projects like Wellington’s cycle lanes, which he argues offer minimal impact on carbon emissions despite their high costs. Harrison’s analyses underscore the need for more cost-effective and scientifically sound approaches to climate change mitigation.

Advocating for Realistic Environmental Policies

Harrison is critical of the efficacy of certain climate initiatives, emphasizing that projects like Wellington’s cycle lanes achieve only a marginal reduction in carbon emissions at an exorbitant cost per ton of carbon dioxide. His calculations reveal that the cost per ton is significantly higher than market prices, leading to questions about the economic justification for such measures. Despite his critical stance, Harrison remains deeply engaged in environmental policy debates, advocating for more realistic and economically sound strategies to address climate change