A Growing Concern

Fenelle, Cheryl
July 1996
Risk Management (00355593);Jul96, Vol. 43 Issue 7, p79
Trade Publication
Global warming is just one of the issues heating up and making businesses realize the potential effects of a deteriorating environment. The independent Intergovernmental panel on Climate Change, an international group of 2,500 climate scientists assembled under the authority of the United Nation's to monitor the global climate, has confirmed that if fossil fuel emissions continue at anywhere near current levels, the planet will warm up dangerously and could well experience a devastating increase in the frequency of natural disaster. Insurers and bankers are creating financial and insurance products designed to protect against environmental risk and to profit from the movement's technological advancement. Whether the motive for environmental conservation is green grass or the greenback, businesses can no longer afford to ignore the future or continue to abuse resources. Awareness and action are the best tools to keep the economy and the planet healthy.


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