New “Risky Business” Report Explores Economic Impacts of Climate Change
In a first-of-its-kind effort, the Risky Business Project released a new report connecting projections for changes in local climate conditions across the U.S. to the fiscal impact of those changes on key economic sectors. The report, Risky Business: The Economic Risks of Climate Change in the United States, finds that unless U.S. business and policymakers take immediate action to reduce the risks of climate change, the American economy could face serious and widespread disruptions.
“The Risky Business report confirms what many of us have long suspected,” says Tom Steyer, co-chair of the Risky Business Project. “The longer we wait to address the growing risks of climate change, the more it will cost us all. From a business perspective, given the many benefits of early action, it would be silly to allow these risks to accumulate to the point where we can no longer manage them.”
Former RE-AMP Network Steering Committee member Kate Gordon co-authored the report and recently gave the keynote at our Sustainable Communities Caucus meeting in Madison, Wisconsin. Gordon now serves as Vice President and Director of the Climate and Energy Program at Next Generation, which provides staff support to the Risky Business Project. RE-AMP Network members McKnight Foundation and Joyce Foundation are also supporting Risky Business’s outreach efforts in the Midwest.
For more information about the Risky Business report, read the executive summary here, and to learn more about the projected economic impacts due to climate change on our region, read report’s analysis of the Midwest here.