In this climate risk assessment published in June 2014, co-chairs Michael Bloomberg, Henry Paulson Jr. and Thomas Steyer present the details and economic costs of inaction in the face of climate change.
The Risky Business report cites the short-term climate threats presented in the U.S. and the specific economic risks they pose to differing regions and sectors. In the report, climate change is likened to “Nature’s Interest-Only Loan” in order to express the economic impact the changing global environment will have in the future. Bloomberg, Paulson and Steyer conclude the risk assessment report with risk management steps to be taken in order to reduce exposure to the economic risks from climate change.
