Adaptation: an issue brief for business
The Intergovernmental Panel on Climate Change (IPCC) Fourth Assessment Report, 1 Climate Change 2007: Synthesis Report, forecasts that climate change will have significant impacts on populations and environments around the world. Furthermore, it is likely that in the absence of concerted efforts to mitigate greenhouse emissions, climate change will have negative effects on business and global markets. It will likely lead to a change in existing business models and current risk management structures.
This publication is focused on providing an overview of adaptation from a business perspective. It describes potential impacts of climate changes, risks and opportunities for business, and why business should consider adaptation planning and measures. It summarizes intergovernmental efforts to promote adaptation in vulnerable regions and highlights areas in which business could have a role in promoting adaptation, both at community and global levels.