Climate policy must prepare for the worst-case scenario of planetary fragility.
Bob Litterman · Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141) · Jun 15, 2020 · at 17:38
Risk manager Bob Litterman discusses the quantitative carbon pricing and climate risk modeling he developed with Ted Seides.
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“So we don't know what the fragility of the planet is right now. It could be very robust. It could be very fragile. Today, we have to plan our policy in a way that prepares us for, you know, the worst case, which is a very fragile environment.”
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