1053: 1/2: #ClassicScience: Climate change mitigation remains humblingly expensive. David G. Victor5,6,7
Photo: No known restrictions on publication.1923. Winter bathing at Miami Beach Casino http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules Parler & Twitter: @BatchelorShow 1/2: #ClassicScience: Climate change mitigation remains humblingly expensive. David G. Victor5 (https://science.sciencemag.org/content/354/6311/421#aff-5) ,6 (https://science.sciencemag.org/content/354/6311/421#aff-6) ,7 (https://science.sciencemag.org/content/354/6311/421#aff-7) https://science.sciencemag.org/content/354/6311/421 “…Full-blown efforts to manage climate risks will be extremely expensive. Even in the least-developed countries, the cost will likely far exceed new funds promised under the Paris Agreement. Leverage will be essential so that societies of all types build and embed effective risk management. Although local circumstances vary enormously and each society must work out its own details, a common set of indicators, well-established models, and case studies can help. The good news is that governments, nongovernmental organizations and businesses are poised to do this if the scientific community can organize climate risk information in ways that align better with policy needs. Much of the needed data and many methods already exist. What is missing are demonstrations of how these data and methods can be used and improved for understanding systemic risks. In practice, it will be hard to work out the best examples within large intergovernmental processes in which formal decision-making requires consensus. Formal agreements on the best approaches to risk indicators are unlikely. Instead, volunteers are needed to show the way. The United States (10) and the European Union (11) are developing climate services that will provide more concrete assessments of risk and response. Such national efforts, along with local ones, should be designed with an eye to what they teach the rest of the world about what works. Similarly, commercial attention to climate risk management is rising quickly as data and analysis tools become available. Already, many firms are reporting their exposure to regulatory risks, as demanded by many shareholders and a growing number of stock exchanges. Science should help decision-makers understand their true exposure to risk and the full range of management options. The role of international policy processes should be to ensure that such experimentation with methods and approaches happens more globally….”