This is a little ironic; no, it’s more than a little ironic. Congress won’t act on climate change for fear of adversely impacting businesses. So, cities and states are picking up the slack, taking aggressive action, in order to protect their… wait for it…businesses.
A new report entitled Protecting Our Capital, released by the CDP, claims most cities recognize that climate change poses a considerable risk to their local businesses and therefore their economy and well-being. Of course, it’s only a small fraction of businesses that are actively lobbying against climate action — mostly those in the fossil fuel industries who have the most to lose. Most of them now acknowledge the problem and, even as they hope to slow government action, are moving to address the challenges.
The report, which is based on responses from 207 cities, documents the recognition of the interdependence between cities and businesses. Of those surveyed, 76 percent of cities said that climate change could impact business, while businesses said that 75 percent of their biggest climate-related risks could also be seen as threats to their respective cities.
What kinds of risks are they talking about? These could include rising insurance costs, loss of tourism, supply chain issues and a lack of raw materials. Drivers of these costs will stem from storms and flooding, sea level rise, temperature increases, drought, and other weather-related disruptions and destructions.
A total of 757 carbon reduction drivers were reported. Click to continue reading »
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