Risky Business and the American Climate Prospectus: Economic Risks of Climate Change in the United States"

Kate Gordon1, Trevor Houser2, Robert E Kopp3, Solomon M Hsiang4, Kate Larsen5, Amir Jina6, Michael Delgado2, Robert Muir-Wood7, DJ Rasmussen8, James Rising9, Michael Mastrandrea10 and Paul S Wilson11, (1)Next Generation, San Francisco, CA, United States, (2)Rhodium Group, Oakland, United States, (3)Rutgers University, Department of Earth and Planetary Sciences, New Brunswick, United States, (4)University of California, Berkeley, Goldman School of Public Policy, Berkeley, United States, (5)Rhodium Group, Oakland, CA, United States, (6)Columbia University of New York, Palisades, NY, United States, (7)Risk Management Solutions, Inc., Newark, CA, United States, (8)ENVIRON International Corporation Novato, Novato, CA, United States, (9)Columbia University in the City of New York, New York, NY, United States, (10)Carnegie Institution, Millbrae, CA, United States, (11)Risk Management Solutions, London, United Kingdom
Abstract:
The United States faces a range of economic risks from global climate change - from increased flooding and storm damage, to climate-driven changes in crop yields and labor productivity, to heat-related strains on energy and public health systems. The Risky Business Project commissioned a groundbreaking new analysis of these and other climate risks by region of the country and sector of the economy. The American Climate Prospectus (ACP) links state-of-the-art climate models with econometric research of human responses to climate variability and cutting edge private sector risk assessment tools, the ACP offers decision-makers a data driven assessment of the specific risks they face. We describe the challenge, methods, findings, and policy implications of the national risk analysis, with particular focus on methodological innovations and novel insights.
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