Fellow Story
Park commentary on underestimating impact of climate change on economy
In a bid to cement his legacy as a champion of the environment, President Obama’s administration recently unveiled regulations aimed at tackling climate change by fostering our use of clean, renewable energy. While we applaud the federal government for taking a stand on one of the most important issues of our time, we believe the most pressing issue of climate change is economic.
An emerging body of research suggests that rising temperatures are eating into our productivity right now, in part due to the fact that human beings haven’t evolved to operate well at climatic extremes. If we continue to move at our present pace, the possible future economic impact is equivalent to an endless Great Recession.
