Stormy Science, Rocky Investments
Climate change is risky business – but how risky is it for business? With temperatures predicted to rise anywhere from one to four degrees this century, droughts, floods and extreme weather present risks that will impact American families, businesses and habitats.
Rebecca Shaw of the Environmental Defense Fund sees a global attitude shift towards adaptation. One example is the wine industry. “As climate shifts, there will be some places where wine grapes are grown today that won't be suitable in the future,” she says. A move north may be imminent, and some growers are already doing that. But as competition for resources heats up between agribusiness, communities and wildlife, sacrifices may be in order.
“We're really going to have to think about what we're going to grow here,” cautions Shaw. “Some crops are going to be less viable because water will be more scarce in the future.”
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