Hank Paulson

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de mayo de 2009. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

While all contributions from the 195 countries at the UN’s global climate change summit in Paris will be important, three are critical. China, the United States and India hold the key to large-scale global progress in reducing greenhouse gas emissions.

So far, the UN climate process has faced the challenge of rallying all countries behind one unified resolution. While this remains crucial, efforts to build global consensus are increasingly varied, emphasising the role that multilateral, national and subnational policies can play in responding to the unique circumstances faced by societies around the globe. The Paris meeting reflects this shift, as the UN increasingly looks to shape the individual national commitments of countries around the world into a new, dynamic global compact.…  Seguir leyendo »

If the United States were run like a business, its board of directors would fire its financial advisers for failing to disclose the significant and material risks associated with unmitigated climate change.

Managing risk is necessary for individuals, investors, businesses and governments. As individuals, we buy insurance for our homes, vehicles and health because the future is unpredictable. Businesses take similar actions and save, when they can, for the next economic downturn. Investors diversify their portfolios and hedge their bets for the same reason. And for governments, managing risk can mean anything from maintaining a standing army (in case of war) to filling a strategic petroleum reserve (to protect against severe shocks in oil prices).…  Seguir leyendo »