The United States faces a range of economic risks from global climate change — from increased flooding and storm damage, to climate-driven changes in crop yields and labor productivity, to heat-related strains on energy and public health systems. Economic Risks of Climate Change: An American Prospectus provides a groundbreaking new analysis of these and other climate risks by region of the country and sector of the economy. By linking state-of-the-art climate models with econometric research of human responses to climate variability and cutting edge private sector risk assessment tools, the American Climate Prospectus (ACP) offers decision-makers a data driven assessment of the specific risks they face.
The ACP is the result of an independent assessment of the economic risks of climate change commissioned by the Risky Business Project. In conducting this assessment, Rhodium Group (RHG) convened a research team, co-led by climate scientist Dr. Robert Kopp of Rutgers University and economist Dr. Solomon Hsiang of the University of California, Berkeley, and partnered with Risk Management Solutions (RMS), the world’s largest catastrophe-modeling company for insurance, reinsurance, and investment-management companies. The team’s research methodology and draft work was reviewed by an Expert Review Panel (ERP) composed of leading climate scientists and economists.
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 co-chairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.