Yesterday saw the launch of the Risky Business Report on the economic risks United States regions and businesses face from climate change. I would like to congratulate Michael Bloomberg, Hank Paulson and Tom Steyer for this important contribution to public knowledge.
We know climate change is here, more importantly we know it is going to cost money and that means the smart business response is to limit its impact by shifting to a low carbon economic model.
This report will help make the business case for building a sustainable economy.
This report and the New Climate Economy research, which will be published in September, show that although climate change poses risks to our economy, responding to it is an opportunity. We no longer have to choose between creating jobs and fighting climate change, now we can and should do both.
With my fellow members of the Global Commission on the Economy and Climate, we will seek to build on the Risky Business report. Acting together we can reduce climate risk and achieve economic growth.
