Cascading Transitional Climate Risks in the Private Sector—Risks and Opportunities
نویسندگان
چکیده
Abstract Adaptation to climate change poses two recognized significant types of risks the private sector; (1) physical and (2) transitional risks. As markets respond climate-related policies shifting demands from customers investors, opportunities as well are presented. A very recent important policy development is European Green Deal suggesting EU reduce its emissions 40 55% by 2030, aiming enable countries meet their Paris Agreement targets. The shift required for this transition highlights challenges in terms adapting business models decision-making tools, while also providing innovation sector. In order reach goals, science-based targets need be adopted measure manage emissions, specifically focussing on Scope 3 embedded value chain Methods guidances considered, with ultimate goal being a harmonized methodology create detailed inventory risk disclosure company’s operations. It suggested that Environmentally Extended Input–Output initially used screening tool, identify emission dense sectors. Process-based LCA data, collected through collaboration transparency throughout chain, can then applied increase resolution tool.
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ژورنال
عنوان ژورنال: Springer climate
سال: 2022
ISSN: ['2352-0701', '2352-0698']
DOI: https://doi.org/10.1007/978-3-030-86211-4_21