'Climate change is the challenge of our time' - Henry Paulson Jr.

Henry "Hank" Paulson Jr.

“Climate change is the challenge of our time,” according to the former Secretary of the Treasury in the United States, Henry “Hank” Paulson, Jr.

Mr Paulson now the chairman of the Paulson Institute about the lessons for climate change to be learned from the 2008 financial crash.

He discusses those lessons in a story in the New York Times headed: “The coming climate crash – lessons for climate change in the 2008 recession."

The Paulson Institute, founded in 2011 by Mr Paulson, aims to promote sustainable economic growth and a cleaner environment around the world, with a focus on the United States and China.

Mr Paulson wrote in the Times article: “This is a crisis we can’t afford to ignore. I feel as if I’m watching as we fly in slow motion on a collision course toward a giant mountain. We can see the crash coming, and yet we’re sitting on our hands rather than altering course”.