Quotes from the news wire:
James Hansen made the point that the debate about the most likely outcome( of climate change) is a secondary matter, there is a full range of outcomes here in play and in risk management you have to take a look at this full range of outcomes and hedge against them. No one in their right mind in financial markets would consider saying otherwise... In financial markets it would be insane to not hedge against risks.
In every other context where you have this degree of risk and uncertainty we rightly hedge, we rightly address the full range of possible outcomes, to not do so in the climate arena when you have this much at stake is incredible to me... Do we really want to go to Vegas and put all our money on one roulette wheel and say,' Well, that's the most possible outcome ?'.
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