Government publishes report with quantified risks and opportunities for Businesses
Last week (25 January 2012) the Government published a unique report listing the risks and opportunities businesses and the country as a whole will face from climate change. Entitled Climate Change Risk Assessment (CCRA) the report also calls for public responses.
The main objective of this report is to point out the risks and opportunities that global warming will cause in the UK and enable the government, local authorities, industry and civil society organisations to prepare in advance for the inevitable consequences.
Global Climate is changing and will continue to change despite the efforts to reduce greenhouse gas emissions. Most climate scientists agree that even if we limit future greenhouse gas emissions, current and historical emissions mean that a certain amount of additional warming is inevitable.
The CCRA outlines some of the most important risks and opportunities that climate change may present. It provides an indication of their potential magnitude, when they might become significant and the level of confidence in each finding. As well as the overall picture, specific findings are presented for five complementary themes: Agriculture & Forestry, Business, Health & Wellbeing, Buildings & Infrastructure and the Natural Environment.
Key Messages from the CCRA:
Risks and Opportunities for Businesses
According to the assessment the biggest threats UK businesses will face will be related to heat, flooding and water resources. Amongst them here are some of the most probable ones:
On the other hand there are also many opportunities for business to capitalise with the eminent changes that will be caused by global warming and they include:
Like in an economic crisis, there will be those who loose and those who capitalise with these changes. It will be a matter of who’s prepared for it or not.
Is your business prepared for the upcoming changes that the climate change will cause in our economy?
For those of you interested in reading the full report it can downloaded pb13698-climate-risk-assessment and a summary is found Summary_of_Key_Findings.
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