New Kearney Report Examines Economic Costs of Climate Change

Building off key lessons learned after going through the COVID-19 crisis, Kearney has released a report that looks at the economic costs of climate change and how companies can use that new knowledge to minimize its impact.

The report, released by Kearney's Global Business Policy Council, is called The economic costs of climate change: lessons learned from COVID-19. It identifies three central lessons from which knowledge to address the problem can be gleaned, including individual capacity to change behaviors when faced with external shocks, the need for international cooperation to solve global challenges, and the critical role technology plays in advancing solutions.

Despite the politicization rampant around climate change, industries from agriculture to logistics to tourism are already being disrupted by higher temperatures and extreme weather. According to Kearney, 77 percent of investors are saying climate considerations are factoring into their decision-making processes.