Leonardo Da Vinci “Nature is the source of all true knowledge.”
After the hottest ever recorded July day in the UK, Paris breaking its heat records with 42.6C on Thursday, and 200 million people affected by heatwaves across North America, it seems that climate change is here for the foreseeable future. Research published this week in Nature shows that the current global warming is unprecedented over the last two thousand years[1]. What does this mean for business as usual? Plenty of companies are working on climate change mitigation (the attempt to avoid further carbon emissions). This includes the usual suspects of solar and wind power companies, makers of electric vehicles, and manufacturers of more sustainable materials such as bamboo, wood, or biodegradable plastic. More than ever though, a broad range of companies are considering adapting to the changing climate, and many are starting to view this not just as a threat, but as an opportunity. What are the business benefits?
The companies, individuals and countries that are planning to profit:
The funds that are investing in solutions:
The response from the insurance industry:
Contact Da Vinci’s Workshop to help you futureproof your business strategy and discover new opportunities in a changing world. Links to further reading: https://www.newscientist.com/article/mg23731710-800-real-colour-of-money-business-wants-profit-and-green-cred/ https://www.theguardian.com/business/2019/jul/01/chubb-no-longer-invest-insurance-coal-firms https://www.theguardian.com/environment/2017/dec/12/insurance-giant-axa-dumps-investments-tar-sands-pipelines https://www.theguardian.com/business/2018/jan/21/lloyds-of-london-to-divest-from-coal-over-climate-change https://www.ns-businesshub.com/science/companies-profit-from-climate-change/ https://www.nytimes.com/2019/04/12/business/climate-change-funds-profit-global-warming.html https://www.theguardian.com/business/2015/sep/28/shell-ceases-alaska-arctic-drilling-exploratory-well-oil-gas-disappoints [1] https://www.nature.com/articles/s41586-019-1401-2.epdf [2] https://www.nber.org/papers/w17950 [3] https://globalcoolingprize.org/
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