Former Mexican President Felipe Calderon is spearheading a study sponsored by seven countries into the economics of climate change, seeking to elucidate the financial benefits of reducing carbon emissions.

Calderon’s panel will draw from the experiences of companies and governments around the world in fighting off the ravages of storms and droughts, and in cutting greenhouse gases. It also will use academic research to show the costs and risks associated with climate change and efforts to stem it, publishing a report next September to guide policy makers.

“We’ve talked about emissions — this time, we will try to talk about profits, and that will change the equation,” Calderon said today at an event announcing the Global Commission on the Economy and Climate in New York. “The idea is that we can present an economic case. What we’re expecting is that our report cannot be ignored in 2014.”

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