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Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States.
This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.
- Sales Rank: #284258 in Books
- Published on: 2015-08-18
- Original language: English
- Number of items: 1
- Dimensions: 1.00" h x 8.60" w x 11.00" l, 3.62 pounds
- Binding: Hardcover
- 384 pages
Review
Points the way toward a new era in climate-risk analysis.... [T]he authors not only provide a basis for rational judgments by policy makers but also open a new avenue toward progressive improvement in our understanding of risk.
(From the opening commentary by Michael Oppenheimer, Princeton University)Solid scholarship shows that we can improve the economy through wise use of our knowledge of climate change and energy. Better quantifying the uncertainties and near-certainties will help guide wise policies. Economic Risks of Climate Change: An American Prospectus is an important step forward.
(Richard Alley, Pennsylvania State University, author of Earth: The Operators' Manual)This report has changed my understanding of what climate change means for the United States, providing incredibly detailed visibility into regional changes in climate and their economic consequences to specific sectors. Given its unique ability to touch home for so many, I suspect the study will ultimately be considered a landmark contribution in our understanding of this complex and vital subject.
(From the opening commentary by Michael Greenstone, University of Chicago)This report is a careful, very timely and fundamentally important contribution.... Its legacy should be continued research to assess and, where possible, quantify those impacts that cannot now be avoided, and which must be adapted to, as well as to gain a better grasp of just how huge the risks of unmanaged climate change are likely to be, even for a superpower.
(From the opening commentary by Lord Nicholas Stern and Bob Ward, Grantham Research Institute on Climate Change and the Environment) About the Author
Trevor Houser is a partner at Rhodium Group, a firm that combines policy experience, quantitative economic tools, and on-the-ground research to analyze disruptive global trends. He leads the firm's energy and natural resources work.
Solomon Hsiang is the Chancellor's Associate Professor of Public Policy at the University of California, Berkeley, and a Faculty Research Fellow at the National Bureau of Economic Research.
Robert Kopp is an associate professor of earth and planetary sciences at Rutgers University and associate director of the Rutgers Energy Institute.
Kate Larsen is a director at Rhodium Group and manages the firm's work on U.S. and global climate-change issues.
Most helpful customer reviews
2 of 2 people found the following review helpful.
Thought Provoking
By Autamme_dot_com
This book is a massive work that modestly considers and examines the economic risk that the United States of America may face from climate change in the future, considering what may be done to mitigate the risks where possible. The economy of the country is threatened, it is claimed, by climate change through flooding, storm damage, agriculture failures and even a breakdown in social structures.
The veracity of the claims are beyond the pay grade and knowledge of this reviewer, yet it appears to be a considered work and not some tinfoil-hat radical manifesto that you may find on the fringes of the Internet. The authors certainly appear to have done their research and have a wealth of respected, powerful names from the world of science, politics, academia and activism to support their opinions and conclusions in this book that they believe will be an “essential tool” to help businesses and governments prepare for the future.
It won’t be for everybody, if only due to the price and the writing style, yet it would be good if a “lite” version could be prepared for the regular reader.
This weighty book is split into five parts, comprising of 22 chapters and is bolstered by five large technical appendixes, extensive references and a detailed index. The largest criticism is saved for the layout as this reviewer found the strange art of splitting a page into two columns to be significantly annoying, especially when reading it on a small screen. It is extremely uncommon that a book should force the reader to endure this torture for hundreds of pages of close type and it was a major turn-off. A lesser book would have been binned a lot sooner for this annoyance.
If you have a professional need or just a curious interest in the subject, this book is likely to deliver an interesting, thought-provoking and considerate in-depth message. Of course, that is the easy part: the implementation of a programme to reduce the projected effects is going to be the harder job. If even part of the book’s forecasts are correct, a lot of work needs to be done, promptly!
1 of 1 people found the following review helpful.
A foundation work on climate change economics
By Paul C
This book will be cited for decades, both for the material presented and more importantly for the methodologies established for climate change risk analysis.
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