Read here. Mercer, an expert global investment consulting concern, recently published a study that indicated the portfolio risk from actual global warming (climate change) is not significant.
"The economic model used in this study excludes physical risks of climate change which are not consistently predicted by the range of scientific models, and primarily for this reason concludes that, over the next 20 years, the physical impact of changes to the climate are not likely to affect portfolio risk significantly."
Mercer did find significant risk though, but it was primarily due to possible governmental climate change policies that may induce economic and investment havoc.
"[C]limate policy could contribute as much as 10% to overall portfolio risk: Uncertainty around climate policy is a significant source of portfolio risk for institutional investors to manage over the next 20 years. The economic cost of climate policy for the market to absorb is estimated to amount to as much as approximately $8 trillion cumulatively, by 2030."
Sooo, the real risk derives from the ruling class, idiot-elites who authored the recent global financial meltdown, are in the process of destroying the states of California, Illinois and New York, and are driving the U.S. economic machine into a banana republic destitute condition of galactic-sized debt. The good news is that expert firms like Mercer are warning the public where the real risk comes from - your elected officials and overpaid bureaucrats, not the climate.
And, as Roger Pielke Jr. notes, the MSM report on this study was completely misleading, which is hardly surprising when one considers the faux-objective reporting of the lamestream media.
