The book tries to clarify what it is we know and don't know about the world. There are areas where we know fair but there's some uncertainty, he says. We need to insure against the possibility of a catastrophic outcome in climate change for our own well-being,. He argues that people should get home owners insurance because they don't know if their house will burn down or be damaged by fire.
Economist Robert Pindyck of MIT talks about his book, Climate Future, with EconTalk host Russ Roberts. Pindyck lays out what we know and do not know about climate change. He argues that because of the nature of greenhouse gases, adaptation must be part of the policy response to climate change.