Yahoo Finance
On Yahoo Finance and Bloomberg Businessweek, BCG’s Rich Lesser discusses the urgent need for a clean energy transition as environmental risks and extreme weather intensify. He warns of rising financial costs, with insurance premiums increasing and coverage shrinking. Lesser notes, “The scary part is that current disasters are occurring at a 1.2-degree rise in global temperature, while the world is on track for a potential 2.5-degree or higher increase.” He recommends accelerated government action and a focus on clean energy and resilience measures in the short term.