The IPCC (UN) report is all over every news outlet and its content and the ramifications of the analysis will be the core of our ESG and Climate piece tomorrow – in the Exhibit below we show a chart that was republished by the BBC which looks at projections around sea level increases. While the UN report has compelling academic and government backing and is certainly the most coordinated analysis on climate change, it is still littered with “most likely” and “more likely” comments, suggesting that the projections are still shrouded in uncertainty. There is a very good chart that shows “observed” climate change data over the last 50 years, and the ranges around the primary causality (human versus natural) conclusions are significant, suggesting that different models are telling very different stories, some less scary than others.
