The Risky Business Project, founded by co-chairs Michael R. Bloomberg, Hank Paulson, and Tom Steyer, has shifted its focus from analyzing the risks—which are increasingly being realized as costs—of climate change to the tremendous opportunity that reducing these risks presents to the U.S. economy.
|Scooped by Eric B. Schupper, ScM, JD|
Eric B. Schupper, ScM, JD's insight:
Another trenchant report by the Risky Business Project. Risky Business Project's prior reports detailed the economic risks of climate change in the United States. They were expertly done -- they quantified the costs to a range of sectors of the US economy that would accompany unmitigated climate change.
In this latest report, "From Risk to Return: Investing in a Clean Energy Economy," Risky Business models and quantifies pathways for addressing those risks. For anyone who's been following similar economic analyses in recent years, it should come as no surprise that From Risk to Return finds that transitioning to a clean energy economy will be net cash positive to the tune of billions of dollars. Rather than a cost to be avoided, undertaking the clean energy paradigm shift and pursuing pathways to mitigate climate change through reducing carbon emissions and energy intensity represents a myriad of opportunities to be seized.
As I have noted several times on this blog when I've posted similar economic reports, the evidence shows that pursuing climate mitigation and energy decarbonization makes more economic sense than not doing so and maintaining the status quo. One must marshal and communicate this evidence when making the case for the transition to a no-/low-carbon economy.