The report provides three key messages for every American about climate change:
Climate scientists agree: climate change is happening here and now.
We are at risk of pushing our climate system toward abrupt, unpredictable, and potentially irreversible changes with highly damaging impacts.
The sooner we act, the lower the risk and cost. And there is much we can do.
"Even among members of the broader public who already know about the evidence for climate change and what is causing it, some do not know the degree to which many climate scientist are concerned about the risks of possibly rapid and abrupt climate change — that's something we are dedicated to discussing with multiple audiences, from business leaders and financial experts to decision makers in all walks of life."
Bob Litterman, former Goldman & Sachs Co. executive and senior partner at Kepos Capital, has participated in discussions with the panel on how to accurately measure climate-related risks and the need for a language to talk about climate change through the lens of risk management.
Economists understand how to create incentives to limit pollution production with maximum effect and minimum collateral damage, but crafting the appropriate response is a complex valuation process that requires quantifying those same uncertainties," Litterman said. "To do so requires scientists and economists to work together, ask tough questions, and break the boundaries of their professional silos. That's what's this initiative aims to do."
Uhm, what other important financial events took pl...