Joseph Stiglitz makes shrewd observations.
profit: tipping point for coal; 2050 report aussie;
nucs gain with carbon price or tax
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Eric Roston, Bloomberg
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Companies see up to $970bn in direct and indirect climate risks, such as taxes or market shifts, according to an analysis of thousands of corporate disclosures by non-profit CDP, reported by Bloomberg and others. The firms expect to see more than twice this total – some $2.1tn – in opportunities for new climate-friendly products and services, Bloomberg adds. The analysis is based on returns from nearly 7,000 firms, reports CNN
, which adds that the companies’ responses show that “80% of the largest companies expect climate change to result in major changes including extreme weather patterns”. Nevertheless, CDP says that many firms are failing to account fully for the climate risks they face, reports the New York Times
. Reuters
, Wired
and BusinessGreen
all have the story. Separately, Reuters
reports that scientists at the Woods Hole Research Center in Massachusetts are partnering with consulting firm McKinsey to study the impacts of climate change on companies.
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