CLIMATE SHOCK authors on Will camels roam Canada again?

Climate ShockThe last time concentrations of carbon dioxide were as high as they are today, write Marty Weitzman and Gernot Wagner, authors of Climate Shock: The Economic Consequences of a Hotter Planet, camels lived in Canada. That was a bit over 3 million years ago, of course. But how certain does science have to be for the world to act? Wagner and Weitzman had a terrific op-ed appear today on The where they argue that climate is best thought of as a global-scale risk management problem. Check it out here:

Will Camels Roam Canada Again?

What we know about climate change is bad enough. What we don’t could make it even worse.

Gernot Wagner and Martin L. Weitzman

You are cruising down the highway at 65 miles per hour, reading a book in your self-driving car. Your life is in the hands of a machine—an eminently benevolent one. Meanwhile, in the lane next to you, an 18-wheeler using decidedly last-century technology—relying on a fallible human driver—appears to be swerving your way.

Your car’s computer is on the case. Equipped with orders of magnitude more computing power than the Apollo moon lander, it determines with all the confidence it can muster that there’s a greater-than-50-percent chance—it’s “more likely than not”—that the truck is about to hit you.

You may want to look up from your book. More importantly, you want to know with certainty that your onboard computer will hit the brakes, even if there’s a 49-percent chance that doing so will be a false alarm.

If, instead of “more likely than not,” the danger were “likely,” “very likely,” or even “extremely likely,” the answer would be clearer still. Even if there’s a 95-percent probability of a crash, there’s still a 1-in-20 chance that nothing will happen—but no one would gamble their life on those odds. Your car’s computer hopefully will have engaged the anti-lock braking systems already.

A perfect self-driving car doesn’t exist yet, nor has the world solved global warming. But it’s surprising that, by the standards that we’d expect in a car to keep its occupants safe, the governments of the world haven’t stepped on the brakes to avoid planetary-scale global warming disaster—a 100-year-storm hitting New York every other year, frequent and massive droughts, inundated coastal cities. In 1995, the Intergovernmental Panel on Climate Change declared that it was “more likely than not” the case that global warming was caused by human activity. By 2001, it had progressed to “likely.” By 2007, it was “very likely.” By 2013, it was “extremely likely.” There’s only one step left in official IPCC lingo: “virtually certain.”

Read the rest at The here.