Bay area Quote by Anonymous
““NEW YORK Climate change is likely to exact enormous costs on U.S. regional economies in the form of lost property, reduced industrial output and more deaths, according to a report backed by three men with vast business experience. The report, released Tuesday, is designed to persuade businesses to factor in the cost of climate change in their long-term decisions and to push for reductions in emissions blamed for heating the planet. It was commissioned by the Risky Business Project, which describes itself as nonpartisan and is chaired by former New York City Mayor Michael R. Bloomberg, former Treasury Secretary Henry M. Paulson Jr. and Thomas F. Steyer, a former Bay Area hedge fund manager.””
About This Quote
Source Report: Risky Business Project Climate Cost Analysis, 2023
The quote highlights the massive economic damages US regional economies could face from climate change, urging businesses to consider these costs in planning and cut emissions.
In simple terms: Climate change can cause huge economic losses, so businesses should plan for it.
Key Takeaway
Integrate climate risk into long‑term business strategy.
Themes
economics
environment
policy
risk management
Mood
concerned
urgent
Type
policy
analytical
When to use this quote
- corporate planning
- investment decisions
- regulatory compliance
Key Concepts
externalities
cost‑benefit analysis
sustainability
Questions to Reflect On
- How can firms quantify future climate costs?
- What incentives drive emission reductions?
A Different Perspective
May underestimate immediate costs due to political pressure.
