Home » climate and security » PricewaterhouseCoopers Warns of Significant Climate Change Impacts on Business Assets

PricewaterhouseCoopers Warns of Significant Climate Change Impacts on Business Assets

PricewaterhouseCoopers (PwC) has released two studies which warn the business community of impending significant risks to assets as a result of climate change. As reported in EnvironmentalLeader;

The first PwC report, 10 Minutes – Risk ready: New approaches to environmental and social change, says many companies now view preparation for climate change as not only an indicator of resilience, but also as a competitive advantage.

Meanwhile, a separate PwC report says the world is heading for a six-degree rise in temperature by the end of the century. The PwC’s Low Carbon Economy Index 2012 says that governments’ ambitions to limit warming to 2 degrees Celsius appear highly unrealistic. Companies can no longer assume the 2 degree increase as a default scenario, and investments in long-term assets and infrastructure, particularly in coastal and low-lying areas, need to address a more pessimistic outlook.

Both reports are worth taking very seriously, particularly as PwC is not known for its alarmist predictions on climate change…


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