Contact Us

UM Economic Bureau Chief Advises Montana Businesses to Factor Climate Change Into Expenses [AUDIO]

Climate Change
Photo by David McNew/Getty Images

The cost of climate change will affect businesses across Montana, and the entire country, according to the University of Montana Bureau of Business and Economic Research. 

Bureau Director Patrick Barkey said he and his staff have had conversations about the potential costs of climate change with Nobel Prize winner Dr. Steve Running, also at the University of Montana.

“Trends in climate change will take several years to show up, but if those trends continue, we’ve thought about how warmer summers, different precipitation and different events could impact Montana’s important industries,” Barkey said. “Steve Running’s contribution was his insight into the various models people are using to try to predict how climate will change, and those models are pretty complicated.”

Barkey said even though there are different factions and worldviews regarding climate change and whether or not it might be man-made, it is still important for wise business leaders to at least begin thinking about the issue, and how climate change might affect their bottom line.

“If climate change is coming, at least as a contingency, businesses should be thinking about how they will operate, how they will adapt to some of the predictable changes that would happen,” he said. “We’re talking about everything from sea levels to climate patterns that would come about over the decades as those trends unfold.”

A report released this week by a group caled the Risky Business Project, chaired by three wealthy individuals who have been very active in the climate change debate. They are former New York City Mayor Michael Bloomberg, former Treasury Secretary Henry Paulson, and former hedge fund manager Thomas Steyer.

Among their predictions, between $66 billion and $106 billion in coastal property will likely be below sea level by the year 2050.

Director of the University of Montana Bureau of Business and Economic Research, Patrick Barkey

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of AM 1450 KMMS

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kmmsam.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for The 1450 Delegation quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive The 1450 Delegation contests, events, coupons, presales, and much more delivered to you for FREE.