The U.S. economy faces significant risks from unabated climate change. Every year of inaction serves to broaden and deepen those risks. Founded by co-chairs Michael R. Bloomberg, Henry M. Paulson, Jr., and Thomas F. Steyer, the Risky Business Project examines the economic risks presented by climate change and opportunities to reduce them.
In our 2014 inaugural report, “Risky Business: The Economic Risks of Climate Change in the United States,” we found that the economic risks from unmitigated climate change to American businesses and long-term investors are large and unacceptable. Subsequent scientific data and analysis have reinforced and strengthened that conclusion. As a result, we, the Co-Chairs and Risk Committee of the Risky Business Project, are united in recognizing the need to respond to the risk climate change poses to the American economy.