06 February 2007

Who cares about warming

Global warming is going to take a long time, but could be very costly if it happened the way some people expect, and yet, it's hard to estimate the probability that it will happen that way, given the evidence we have now.

So, logically, we should entrust our precautions against it to an organisation that knows how to plan for events that are uncertain, long-term, but very costly. Definitely not a political party ... we know how long-term they think ... much less an environmental pressure group, because they treat all propbabilities as either 1.0 (if it's something they want us to be frightened of) or 0.0 (if it's not frightening enough) ... but such organisations do exist, and have existed for a long time, and many of us know them, though few of us love them.

Have you guessed yet?

That's right: insurance companies. And they're making a difference.