Climate change creates business risks and opportunities. Companies in high-carbon-impact sectors see more risks from the impacts than opportunities, while companies in low-carbon-impact sectors primarily foresee the potential for new business opportunities.
Carbon Disclosure Project: How Four Business Sectors See Climate Change Risks and Opportunities
Carbon Disclosure Project: How Four Business Sectors See Climate Change Risks and Opportunities
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Climate change impacts will have far-reaching implications for businesses that operate in Canada and abroad, presenting a combination of both risks and opportunities.
The 2008 responses to the Carbon Disclosure Project show that companies in the oil and gas, mining, forestry, and utility sectors see significant risks ahead arising from new regulations, physical impacts on their operations, and increased costs. Companies in these sectors also see opportunities for the development of greener energy sources, and new solutions such as carbon capture and storage, which will require significant new capital investment.
Companies in the low-carbon-impact sectors, such as the financial sector, see risks arising from the impacts of climate change on their clients’ businesses, and opportunities from development of emission trading markets and new demand for investment funds for new green capital equipment and infrastructure.
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