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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…