News Picks : International businesses and industry groups recognize impact of climate change
24 January 2014
New York Times: In recent years companies such as Nike and Coca-Cola have experienced significant costs and delays associated with extreme droughts and floods. In direct response to the economic impact of climate change, they have begun adopting more environmentally friendly policies for the production of their products. Their efforts are representative of a larger shift in corporate thinking. At the World Economic Forum at Davos in Switzerland, an entire day will be spent talking about the economic impact of climate change and what actions need to be taken to protect the economic self-interests of companies and nations. The American Economic Association’s new president, William Nordhaus of Yale University, is an expert in the economics of climate change, and the World Bank’s president, Jim Yong Kim, has made climate change central to that organization’s mission.