Information Systems for Environmental Sustainability

IT, Resource Productivity, Environmental Preservation, and the Fourth Industrial Revolution

Risky business? How about Republicans & Democrats cooperating to assess economic risks of climate change

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2013-10-02 01.32.20 pm

Republican Hank Paulson, former CEO of Goldman and a Bush Treasury Secretary, Hedge fund billionaire Democrat Tom Steyer, and Democrat-Republican-Independent Michael Bloomberg are teaming on the project “Risky Business” to assess the economic impacts of climate change in the U.S.

In their own words:

Steyer, on the reaction by top government officials and money managers to his statement that climate change is the “biggest game changer of all”:

“It’s like I was saying that what’s going to make a difference in the economy is unicorns,” (source)

Paulson:

Everyday across America, families and businesses take out insurance policies to protect themselves against adverse risk. As a nation, why aren’t we taking this approach toward the catastrophic risks of climate change. (source)

Bloomberg:

Sea levels are rising, and the best science tells us that extreme weather events may become more frequent. (source).

So I guess it is possible for Republicans and Democrats to work together. Who knew? And what could be a more important problem to work on together than climate change?

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Author: nigelpm

Associate Professor of Information Systems, Stephen M. Ross School of Business, University of Michigan - Helping organizations to navigate digital transformation.

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