Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States.
This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.
- Table of Contents
- Foreword, by Michael R. Bloomberg, Henry M. Paulson Jr., and Thomas F. Steyer
- Preface
- Acknowledgments
- 1. Introduction
- Part 1. America’s Climate Future
- Opening Commentary, by Michael Oppenheimer
- 2. What We Know
- 3. What Comes Next
- 4. U.S. Climate Projections
- Part 2. Assessing the Impact of America’s Changing Climate
- Opening Commentary, by Michael Greenstone
- 5. An Evidence-Based Approach
- 6. Agriculture
- 7. Labor
- 8. Health
- 9. Crime
- 10. Energy
- 11. Coastal Communities
- Part 3. Pricing Climate Risk
- Opening Commentary, by Geoffrey Heal
- 12. From Impacts to Economics
- 13. Direct Costs and Benefits
- 14. Macroeconomic Effects
- 15. Valuing Risk and Inequality
- Part 4. Unquantified Impacts
- Opening Commentary, by Nicholas Stern and Bob Ward
- 16. What We Miss
- 17. Water
- 18. Forests
- 19. Tourism
- 20. National Security
- Part 5. Insights for Climate-Risk Management
- Opening Commentary, by Karen Fisher-Vanden
- 21. Mitigation
- 22. Adaptation
- Technical AppendiXes
- Appendix A. Physical Climate Projections
- Appendix B. Climate Impacts
- Appendix C. Detailed Sectoral Models
- Appendix D. Integrated Economic Analysis
- Appendix E. Valuing Risk and Unequal Impacts
- References
- About the Authors
- Index
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