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Risk-modelling didn’t stop the financial crisis — it won’t solve climate change either

A fishing boat in the Arctic Ocean off the coast of Svalbard, Norway
A fishing boat in the Arctic Ocean off the coast of Svalbard, Norway Photo: Getty Images

The United Kingdom is now legally committed to reduce net greenhouse-gas emissions to zero by 2050.

Opponents in Parliament argued for more cost-benefit analysis before making such a commitment; and Nobel laureate economist William Nordhaus argues that such analysis shows a much slower optimal pace of reduction.

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