latest IPCC update

So the IPCC issued its latest report (PDF) on climate change impacts, adaption, and vulnerability - summary for policymakers.

I believe the overall work of the IPCC has contributed to a better global understanding of the reality of climate change, and of the need to address it. Even last fall, the Christian Science Monitor published an article "New combatant against global warming: insurance industry" that showed insurance giants giving due consideration to the risks of climate change.

Additionally, in a split decision this week, the Supreme Court of the United States determined that the Environmental Protection Agency can regulate carbon dioxide and other greenhouse gases as described in this article in USA Today.

It seems to me that the challenge of climate change and global warming is a fantastic opportunity for industry, here in the states and elsewhere, to develop significant new revenue streams and profit centers in all sorts of markets, including greener power generation, more efficient vehicles, smart houses, and so on.

Even top-tier VCs are beginning to look in this direction.