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In page Stern Review:

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Uncertainty about future consumption may be addressed either through adjustments to the discount rate or by replacing uncertain flows of consumption with certainty equivalent flows.[citation needed] Stern adopted the latter approach, but was criticised by Tol and Yohe (2006) for double counting, a claim rejected by the Stern Review team (Dietz et al., 2007, pp. 138–139).[1] Whilst critical of Stern's discounting, Martin Weitzman has argued that standard discounting procedures are inherently incapable of dealing with extreme, low-probability events, such as the risk of catastrophic climate change.[2]