The current economy and urban infrastructure of the U.S. must be "climate-proofed" for resiliency, said panelists at a major climate-change panel that included speakers from insurance, business and government organizations.
"In 2012 the impacts of severe weather cost the global economy some $160 billion, with only $70 billion of that being covered by insurance," said Philip Ryan, chairman of Swiss Re Americas, a founding sponsor of Climate Week. "As experts on risk, everything we see points to the inescapable fact that climate change is something which we simply cannot ignore."
Held on September 23, Climate Week 2013 was the fifth anniversary of an annual global summit where political and business thought leaders discuss solutions to slow and mitigate the effects of climate change. Attendees included entrepreneur Sir Richard Branson, World Bank president Jim Kim, US Secretary for the Navy Ray Mabus and other dignitaries.
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