Is it too late to address climate change?
October 20, 2018
No, but the risk is exploding.
by Bob Litterman
I spent the better part of my career assessing risk for major financial institutions and often used mathematical modeling to understand potential outcomes. More recently I have applied the same risk assessment methodology to ask how serious is climate change, and I find that the rate at which climate change risk is growing is startling.
And, of course, I am not alone. For example, the IPCC recently released a report calling for emissions reductions of a scale requiring unprecedented systems change. In other words, according to a global scientific consensus, it is time to slam on the brakes.
The reason it is time to slam on the brakes now is that the risk created by not doing so is exploding.
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