Risky Business: The Economic Risks of Climate Change to the United States

Jay OwenReforming Global Finance, Trendspotting

A report from the Risky Business Project, funded by the Bloomberg Philanthropies, the Office of Hank Paulson, the Rockefeller Family Fund, the Skoll Global Threats Fund, and the TomKat Charitable Trust


From the Executive Summary:


Risky Business: The Economic Risks of Climate Change to the United States uses a standard risk-assessment approach to determine the range of potential consequences for each region of the U.S.—as well as for selected sectors of the economy—if we continue on our current path. The Risky Business research focused on the clearest and most economically significant of these risks: Damage to coastal property and infrastructure from rising sea levels and increased storm surge, climate-driven changes in agricultural production and energy demand, and the impact of higher temperatures on labor productivity and public health. Our research combines peer-reviewed climate science projections through the year 2100 with empirically-derived estimates of the impact of projected changes in temperature, precipitation, sea levels, and storm activity on the U.S. economy. We analyze not only those outcomes most likely to occur, but also lower-probability high-cost climate futures. Unlike any other study to date, we also provide geographic granularity for the impacts we quantify, in some cases providing county-level results.


Read the full report.