Enlist the Market in the Climate-Change Fight | The Wall Street Journal
August 18th, 2016
Even before the devastating flooding began in Louisiana last week, and we learned that July 2016 shattered all global temperature records, mounting data had demonstrated the growing risks climate change poses to the global economy. Whether you are an investor assessing the $2 trillion in bonds that Moody’s found carry elevated near-term climate risk, one of the nearly two million U.S. homeowners facing significant risk from climate-related flooding, or a U.S. taxpayer staring at $360 billion in direct government costs from extreme weather over the past decade—these threats are looming, large and increasing.
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