Showing posts with label hedged bets. Show all posts
Showing posts with label hedged bets. Show all posts

Friday, May 27, 2011

A Duck, A Weave And A Bob Each Way

ON the Index page of the Climate Commission’s report, “The Critical Decade” you will find this disclaimer:

IMPORTANT NOTICE – PLEASE READ
…While reasonable efforts have been made to ensure the accuracy, completeness and reliability of the material contained in this document, the Commonwealth of Australia and all persons acting for the Commonwealth preparing this report accept no liability for the accuracy of or inferences from the material contained in this publication, or for any action as a result of any person’s or group’s interpretations, deductions, conclusions or actions in relying on this material.

By page 60, the final page of text before the footnotes, the certainty of settled scientist and report author Will Steffen has re-asserted itself:

As you’ve read in this report, we know beyond reasonable doubt that the world is warming and that human emissions of greenhouse gases are the primary cause. The impacts of climate change are already being felt in Australia and around the world with less than 1 degree of warming globally. The risks of future climate change – to our economy, society and environment – are serious, and grow rapidly with each degree of further temperature rise. Minimising these risks requires rapid, deep and ongoing reductions to global greenhouse gas emissions. We must begin now if we are to decarbonise our economy and move to clean energy sources by 2050. This decade is the critical decade.