Finance

What Smart People Get Wrong About Climate Change Extremes

There isn’t enough appreciation of the risks associated with new weather patterns we don’t yet understand. 

Offshore oil supply containers are strewn about after Hurricane Ida's storm surge swept through Port Fourchon, Louisiana.

Photographer: Luke Sharrett/Bloomberg
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If anyone should be attuned to the real-world impacts of global warming, it’s the policy makers and business heads that have to deal with the fallout. But even the most well-intentioned can fail to grasp just how bad things could get if climate goals aren’t met.