Even a tiny cosmological constant casts a long shadow

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Surprisingly, several basic questions in classical and quantum gravity, which were resolved some 40-50 years ago for zero $\Lambda$, still remain open in the $\Lambda >0$ case. In particular, for $\Lambda >0$, we still do not have a satisfactory notion of gravitational radiation or Bondi 4-momentum in exact general relativity, nor a positive energy theorem. Similarly, the standard constructions of `in' and `out' Hilbert spaces that we routinely use (e.g. in the analysis of black hole evaporation) do not extend to the $\Lambda >0$ case. In this talk I will present some illustrative examples of these quandaries and introduce a systematic approach to resolve the open issues.