Why Climate Change is Like a Robust Optimal Control Problem

Despite the systemic risk it poses, climate change still remains
largely outside the scope of traditional financial and asset
allocation models. Are incentives like a US carbon price the right
answer? And how can markets formally treat climate change as a risk
factor? Bob Litterman, co-inventor of the Black-Litterman Model,
discusses all this and why climate change is like a flaming
trucking barrelling toward us. For more information visit
www.man.com/maninstitute/responsible-investment This podcast was
recorded on 20 Sep 2019.