OECD Environment Working Papers

ISSN :
1997-0900 (en ligne)
DOI :
10.1787/19970900
Cacher / Voir l'abstract
This series is designed to make available to a wider readership selected studies on environmental issues prepared for use within the OECD. Authorship is usually collective, but principal authors are named. The papers are generally available only in their original language English or French with a summary in the other if available.
 

Private Sector Engagement in Adaptation to Climate Change: Approaches to Managing Climate Risks You or your institution have access to this content

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Auteur(s):
Shardul Agrawala1, Maëlis Carraro1, Nicholas Kingsmill1, Elisa Lanzi1, Michael Mullan1, Guillaume Prudent-Richard2
Author Affiliations
  • 1: OCDE, France

  • 2: AECOM, Australie

Date de publication
30 nov 2011
Bibliographic information
N°:
39
Pages
56
DOI
10.1787/5kg221jkf1g7-en

Cacher / Voir l'abstract

There is growing international interest in the planning, financing and implementation of adaptation to climate change. However, the discussion to date has primarily focused on the public sector’s role, with the private sector viewed primarily as a source of funding or financing. Relatively little attention has been paid to how the private sector is responding to the risks and opportunities from climate change. In this context, this analysis aims to contribute to a deeper understanding of private sector’s role.

This paper examines the private sector’s progress in adapting to climate change by considering information from sixteen case studies, drawn from a range of industries across the private sector. This is complemented by a high-level analysis of broader private sector adaptation based on responses to the 2009 Carbon Disclosure Project questionnaire. The case studies provide insight into companies’ awareness of potential climate risks and vulnerabilities, their progress in assessing specific impacts on their businesses and possible ways to respond to them, and their implementation of adaptation measures and strategies to manage these risks. The analysis also examines how companies are taking advantage of new business opportunities arising from climate change.

The paper explores companies’ motivations for implementing adaptation measures, and establishes common factors which can affect companies’ capacities to adapt, their incentives for action, and their perspectives on the need to adapt. The analysis considers how these factors can both encourage and impede adaptation, and assesses potential public sector roles for eliminating barriers to action, encouraging engagement and incentivising private sector investment in adaptation.

Egalement disponible en: Français
Mots-clés:
adaptation, private sector, risk management, climate change
Classification JEL:
  • M19: Business Administration and Business Economics; Marketing; Accounting / Business Administration / Other
  • Q54: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Climate; Natural Disasters; Global Warming
  • Q58: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Government Policy