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Cascading Transitional Climate Risks in the Private Sector—Risks and Opportunities

Publikation: Bidrag til bog/antologi/rapport/proceedingBidrag til bog/antologiForskningpeer review

Adaptation to climate change poses two recognized significant types of risks to the private sector; (1) physical risks and (2) transitional risks. As markets respond to climate-related policies and shifting demands from customers and investors, opportunities as well as risks are presented. A very recent and important policy development is the European Green Deal suggesting the EU to reduce its emissions from 40 to 55% by 2030, and aiming to enable European countries to meet their Paris Agreement targets. The shift required for this transition highlights the challenges in terms of adapting business models and decision-making tools, while also providing opportunities for innovation and development in the private sector. In order to reach Paris Agreement goals, science-based targets need to be adopted to measure and manage emissions, specifically focussing on Scope 3 emissions embedded in the value chain in the private sector. Methods and guidances are considered, with the ultimate goal being a harmonized methodology to create a detailed emissions inventory and risk disclosure of a company’s operations. It is suggested that Environmentally Extended Input–Output models initially be used as a screening tool, in order to identify emission dense sectors. Process-based LCA inventory data, collected through collaboration and transparency throughout the value chain, can then be applied to increase the resolution of the decision-making tool.

TitelClimate Adaptation Modelling
RedaktørerClaus Kondrup, Paola Mercogliano, Francesco Bosello, Jaroslav Mysiak, Enrico Scoccimarro, Angela Rizzo, Rhian Ebrey, Marleen de Ruiter, Ad Jeuken, Paul Watkiss
Antal sider8
ISBN (trykt)978-3-030-86210-7
StatusUdgivet - 2022
SerietitelSpringer Climate

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