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Article

23 Jan 2014

Author:
Coral Davenport, New York Times (USA)

Industry Awakens to Threat of Climate Change [USA]

[Recently] Coca-Cola...has embraced the idea of climate change as an economically disruptive force...Coke reflects a growing view among American business leaders and mainstream economists who see global warming as a force that contributes to lower gross domestic products...broken supply chains and increased financial risk. Their position is at...odds with the...argument...that policies to curb carbon emissions are more economically harmful than the impact of climate change...[T]he World Bank...has put climate change at the center of [its] mission...citing global warming as the chief contributor to rising global poverty...Nike...is also speaking out because of extreme weather that is disrupting its supply chain...[Last] fall, the governments of seven countries...created the Global Commission on the Economy and Climate and...began [a] study on how governments and businesses can address climate risks to better achieve economic growth...