As the complexity of the issues facing business, and government mounts, scenario planning has become an increasingly popular technique. It is rare to find a policy or economic report these days that does not claim to incorporate some form of scenario analysis. The technique, properly used, is powerful, but sadly the term has become somewhat devalued and much of the work that purports to be scenario analysis represents little more than sensitivities around some conventional strategic plan. Certainly that is the case with climate change policy.
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