The business cost of climate change: what the science says

Honda lost more than $250m in 2011, when car assembly plants in Thailand flooded(pdf) during an especially heavy monsoon season. The next summer, US utility Dominion Resources had to shut down part of its Millstone nuclear plant in Connecticut because water from the Long Island Sound grew too warm to be used for cooling. And reinsurer Munich Re saw its quarterly profit decline 38% after paying out more than $350m in claims from Australia’s 2010–11 floods.