Risky Business: The Economic Risks of Climate Change in the U.S.
Risky Business Press Conference
If we act immediately, we can avoid the very worst outcomes. So, a huge take-away here is that taking a cautious approach, waiting for more information, a business-as-usual approach, is actually radical risk-taking.
Key findings underscore the reality that if we stay on our current emissions path, our climate risks will multiply and accumulate as the decades tick by. These risks include
- Large-scale losses of coastal property and infrastructure
- Extreme heat across the nation – especially in the Southwest, Southeast, and Upper Midwest – threatening 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 this report, we call on the American business community to rise to the challenge and lead the way in helping reduce climate risks.
The Risky Business project is co-chaired by Michael Bloomberg, Henry Paulson, and Thomas Steyer.