The challenge lies not merely in reducing vulnerability but also in getting the structures in place so governments and investors can tackle adaptation in the most effective manner possible.

WSJ: Bj?rn Lomborg: Global Warming and Adaptability

"It is for local government to ensure that it implements pay reviews which remove discriminatory aspects of its pay structure, and tackle equal pay proactively and in an affordable manner, " he said.

BBC: NEWS | UK | Councils want help for equal pay

It has only to look across the water to Europe to see how failure to manage the withdrawal of stimulus in an orderly manner can push economies back into recession, making it that much harder to tackle the ultimate goal of lowering government debt.

FORBES: Markets Can Handle Anything, Even A Sequester