23.09.2014 - Climate Change Is Single Biggest Risk To Global Economy - Paulson
Few were more tightly involved with managing the financial crisis than Henry Paulson, Treasury Secretary during President George W. Bush's administration. Speaking Monday, he said the stresses that nearly brought down the U.S. financial sector are now playing out in climate. Paulson made parallels between the 2008 financial crisis and today's climate crisis. The build-up of greenhouse gas emissions mirrors the debt excesses of 2008. And flawed U.S. government policies, encouraging the overuse of carbon-based fuels are much like the banking incentives, which encouraged borrowing to finance homes. ..............................................Full Article: Source
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