Climate change will begin to have a demonstrative effect on Kentucky’s economy within five years.
This is the conclusion from a report released today by the nonprofit Risky Business. The organization is dedicated to exploring the economic effects of climate change, and is chaired by liberal billionaires Michael Bloomberg and Tom Steyer, as well as former banker and George W. Bush-era Treasury Secretary Henry Paulson.
Recently, groups have begun focusing on the economic costs of climate change, considering any discussion or debate over the science or existence of climate change to be unnecessary. Yesterday, 13 major companies including Walmart, UPS, General Motors and Google launched the “American Business Act on Climate Pledge,” and pledged to reduce emissions with an eye toward their bottom lines.
Today, Risky Business’ report analyzes the factors around the Southeast that will become amplified as the climate changes. Researchers identified “likely” outcomes, which it defined as events with a 67 percent chance of happening if the country continues its current greenhouse gas emissions pattern.
Alfred Sommer, dean emeritus of the Johns Hopkins University School of Public Health, worked on the report with Risky Business. He said it’s easy for politicians to bury their heads in the sand, but that’s a short-sighted perspective.