{"id":7749,"date":"2014-06-26T13:33:49","date_gmt":"2014-06-26T18:33:49","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/?p=7749"},"modified":"2014-06-26T13:33:49","modified_gmt":"2014-06-26T18:33:49","slug":"risky-business-stands-out-in-growing-sea-of-climate-reports","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/","title":{"rendered":"“Risky Business” stands out in growing sea of climate reports"},"content":{"rendered":"
\n
\"\"<\/dt>\n
Receding beach on North Carolina’s Outer Banks. Source: FEMA\/Tim Burkitt<\/dd>\n<\/dl>\n

(This blog originally appeared on EDF Voices<\/a>)<\/em><\/p>\n

This blog post was co-authored by\u00a0Jonathan Camuzeaux<\/a>.<\/em><\/p>\n

Put Republican Hank Paulson, Independent Mike Bloomberg, and Democrat Tom Steyer together, and out comes one of the more unusual \u2013 and unusually impactful \u2013 climate reports.<\/p>\n

This year alone has seen a couple of IPCC tomes<\/a>, an entry<\/a> by the American Association for the Advancement of Science and the most recent U.S. National Climate Assessment<\/a>.<\/p>\n

The latest, Risky Business<\/a>, stands apart for a number of reasons, and it\u2019s timely with the nation debating proposed, first-ever limits<\/a> on greenhouse gas emissions from nearly 500 power plants.<\/p>\n

Tri-partisan coalition tackles climate change<\/strong><\/p>\n

The report is significant, first, because we have a tri-partisan group spanning George W. Bush\u2019s treasury secretary Paulson, former mayor of New York Bloomberg, and environmentalist investor Steyer \u2013 all joining forces to get a message through.<\/p>\n

That list of names alone should make one sit up and listen.<\/p>\n

Last time a similar coalition came together was in the dog days of 2009, when Senators Lindsay Graham, Joe Lieberman, and John Kerry were drafting the to-date last viable (and ultimately unsuccessful) Senate climate bill<\/a>.<\/p>\n

Global warming is hitting home<\/strong><\/p>\n

Next, Risky Business is important because it shows how climate change is hitting home. No real surprise there for anyone paying attention to globally rising temperatures<\/a>, but the full report<\/a> goes into much more granular details than most, focusing on impacts at county, state and regional levels.<\/p>\n

Risky Business employs the latest econometric techniques to come up with numbers that should surprise even the most hardened climate hawks and wake up those still untouched by reality. Crop yield losses, for example, could go as high as 50 to 70 percent (!) in some Midwestern and Southern states, absent agricultural adaptation.<\/p>\n

The report is also replete with references to heat strokes, sky-rocketing electricity demand for air conditioning, and major losses from damages to properties up and down our ever-receding coast lines.<\/p>\n

Not precisely uplifting material, yet this report does a better job than most in laying it all out.<\/p>\n

Financial markets can teach us a climate lesson<\/strong><\/p>\n

Finally, and perhaps most significantly, Risky Business gets the framing exactly right: Climate change is replete with deep-seated risks and uncertainties.<\/p>\n

In spite of all that we know about the science, there\u2019s lots more that we don\u2019t. And none of that means that climate change isn\u2019t bad. As the report makes clear, what we don\u2019t know could potentially be much worse<\/a>.<\/p>\n

Climate change, in the end, is all about risk management<\/a>.<\/p>\n

Few are better equipped to face up to that reality than the trio spearheading the effort; Paulson, Bloomberg and Steyer have made their careers (and fortunes) in the financial sector. In fact, as United States Treasury secretary between 2006 and 2009, Paulson was perhaps closest of anyone to the latest, global example of what happens when risks get ignored<\/a>.<\/p>\n

We cannot \u2013 must not \u2013 ignore risk when it comes to something as global as global warming. After all, for climate, much like for financial markets, it\u2019s not over \u2018til the fat tail zings<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Receding beach on North Carolina’s Outer Banks. Source: FEMA\/Tim Burkitt (This blog originally appeared on EDF Voices) This blog post was co-authored by\u00a0Jonathan Camuzeaux. Put Republican Hank Paulson, Independent Mike Bloomberg, and Democrat Tom Steyer together, and out comes one of the more unusual \u2013 and unusually impactful \u2013 climate reports. This year alone has …<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95,4020,43,52,202,8,307,20,44],"tags":[],"coauthors":[],"class_list":["post-7749","post","type-post","status-publish","format-standard","hentry","category-basic-science-of-global-warming","category-cars","category-economics","category-extreme-weather","category-greenhouse-gas-emissions","category-health","category-jobs","category-news","category-policy"],"acf":[],"yoast_head":"\n"Risky Business" stands out in growing sea of climate reports - Climate 411<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Risky Business" stands out in growing sea of climate reports - Climate 411\" \/>\n<meta property=\"og:description\" content=\"Receding beach on North Carolina’s Outer Banks. Source: FEMA\/Tim Burkitt (This blog originally appeared on EDF Voices) This blog post was co-authored by\u00a0Jonathan Camuzeaux. Put Republican Hank Paulson, Independent Mike Bloomberg, and Democrat Tom Steyer together, and out comes one of the more unusual \u2013 and unusually impactful \u2013 climate reports. This year alone has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate 411\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-26T18:33:49+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg\" \/>\n<meta name=\"author\" content=\"Gernot Wagner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gernot Wagner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/\"},\"author\":{\"name\":\"Gernot Wagner\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/848fa9daa71b0c5e7795b5938249145a\"},\"headline\":\"“Risky Business” stands out in growing sea of climate reports\",\"datePublished\":\"2014-06-26T18:33:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/\"},\"wordCount\":534,\"commentCount\":1,\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.edf.org\\\/sites\\\/default\\\/files\\\/outerbanks_fema_378x235.jpg\",\"articleSection\":[\"Basic Science of Global Warming\",\"Cars and Pollution\",\"Economics\",\"Extreme Weather\",\"Greenhouse Gas Emissions\",\"Health\",\"Jobs\",\"News\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/\",\"name\":\"\\\"Risky Business\\\" stands out in growing sea of climate reports - Climate 411\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.edf.org\\\/sites\\\/default\\\/files\\\/outerbanks_fema_378x235.jpg\",\"datePublished\":\"2014-06-26T18:33:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/848fa9daa71b0c5e7795b5938249145a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.edf.org\\\/sites\\\/default\\\/files\\\/outerbanks_fema_378x235.jpg\",\"contentUrl\":\"http:\\\/\\\/www.edf.org\\\/sites\\\/default\\\/files\\\/outerbanks_fema_378x235.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2014\\\/06\\\/26\\\/risky-business-stands-out-in-growing-sea-of-climate-reports\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"“Risky Business” stands out in growing sea of climate reports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#website\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/\",\"name\":\"Climate 411\",\"description\":\"Blogging the science and policy of global warming\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/848fa9daa71b0c5e7795b5938249145a\",\"name\":\"Gernot Wagner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=gb2339d45dd0824feb4b6a542a1cc2c3b\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=g\",\"caption\":\"Gernot Wagner\"},\"description\":\"\u00a0\u00a0 Consultant Gernot Wagner, Ph.D., works closely with EDF\u2019s Office of Economic Policy and Analysis, participating in projects relating to climate damages and tipping points, the social cost of carbon, empirical modeling of climate change and human activity, and others.\",\"sameAs\":[\"http:\\\/\\\/www.edf.org\\\/gwagner\"],\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/author\\\/gwagner\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\"Risky Business\" stands out in growing sea of climate reports - Climate 411","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/","og_locale":"en_US","og_type":"article","og_title":"\"Risky Business\" stands out in growing sea of climate reports - Climate 411","og_description":"Receding beach on North Carolina’s Outer Banks. Source: FEMA\/Tim Burkitt (This blog originally appeared on EDF Voices) This blog post was co-authored by\u00a0Jonathan Camuzeaux. Put Republican Hank Paulson, Independent Mike Bloomberg, and Democrat Tom Steyer together, and out comes one of the more unusual \u2013 and unusually impactful \u2013 climate reports. This year alone has ...","og_url":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/","og_site_name":"Climate 411","article_published_time":"2014-06-26T18:33:49+00:00","og_image":[{"url":"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg","type":"","width":"","height":""}],"author":"Gernot Wagner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gernot Wagner","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#article","isPartOf":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/"},"author":{"name":"Gernot Wagner","@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/848fa9daa71b0c5e7795b5938249145a"},"headline":"“Risky Business” stands out in growing sea of climate reports","datePublished":"2014-06-26T18:33:49+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/"},"wordCount":534,"commentCount":1,"image":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#primaryimage"},"thumbnailUrl":"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg","articleSection":["Basic Science of Global Warming","Cars and Pollution","Economics","Extreme Weather","Greenhouse Gas Emissions","Health","Jobs","News","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/","url":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/","name":"\"Risky Business\" stands out in growing sea of climate reports - Climate 411","isPartOf":{"@id":"https:\/\/blogs.edf.org\/climate411\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#primaryimage"},"image":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#primaryimage"},"thumbnailUrl":"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg","datePublished":"2014-06-26T18:33:49+00:00","author":{"@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/848fa9daa71b0c5e7795b5938249145a"},"breadcrumb":{"@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#primaryimage","url":"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg","contentUrl":"http:\/\/www.edf.org\/sites\/default\/files\/outerbanks_fema_378x235.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.edf.org\/climate411\/2014\/06\/26\/risky-business-stands-out-in-growing-sea-of-climate-reports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.edf.org\/climate411\/"},{"@type":"ListItem","position":2,"name":"“Risky Business” stands out in growing sea of climate reports"}]},{"@type":"WebSite","@id":"https:\/\/blogs.edf.org\/climate411\/#website","url":"https:\/\/blogs.edf.org\/climate411\/","name":"Climate 411","description":"Blogging the science and policy of global warming","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.edf.org\/climate411\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/848fa9daa71b0c5e7795b5938249145a","name":"Gernot Wagner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=gb2339d45dd0824feb4b6a542a1cc2c3b","url":"https:\/\/secure.gravatar.com\/avatar\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0d66a48dd6a3d249bbcced735900500b81779d508e4c8e4ecb8e694ea6517820?s=96&d=mm&r=g","caption":"Gernot Wagner"},"description":"\u00a0\u00a0 Consultant Gernot Wagner, Ph.D., works closely with EDF\u2019s Office of Economic Policy and Analysis, participating in projects relating to climate damages and tipping points, the social cost of carbon, empirical modeling of climate change and human activity, and others.","sameAs":["http:\/\/www.edf.org\/gwagner"],"url":"https:\/\/blogs.edf.org\/climate411\/author\/gwagner\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts\/7749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/comments?post=7749"}],"version-history":[{"count":0,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts\/7749\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/media?parent=7749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/categories?post=7749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/tags?post=7749"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/coauthors?post=7749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}