Risky Business: The Economic Risks of Climate Change in the United States explores in detail the sobering "likely impacts" of business as usual and a failure to combat history's largest uncontrolled chemistry experiment - the carbonization of our atmosphere:
- Large-scale (hundreds of billions in US$) losses of coastal property and infrastructure
- Extreme heat across the nation—especially in the Southwest, Southeast, and Upper Midwest—that threatens labor productivity, human health, and energy systems
- Shifting agricultural patterns and crop yields, with likely gains for Northern farmers offset by losses in the Midwest and South, with risks for individual farming communities most vulnerable to projected climatic changes.
The report finds that if we stay on the current emissions path, climate risks will multiply and accumulate. It recommends that:
- Business must change everyday business practices to become more resilient.
- required to disclose the climate-related financial risks they face.
- The public sector must i
Climate risks are business risks. Will this report - and the leadership of former US Treasury secretaries in preparing it - propel action?