The Potsdam Institute for Climate Impact Research (PIK) forecasts immense damage as a result of a changing climate (www.pik-potsdam.de): ranging from an increase in the frequency of storms, through changing precipitation patterns (heavy local rainfalls combined with longer periods of drought) to sea-level rise and salinisation of freshwater lakes – to name just a few consequences that are foreseeable in particular if the "2 degree target" is not met.
Furthermore, dramatic social and economic impacts are emerging: increasing droughts, crop failures and shortages of raw materials, as well as climate refugees/migrations and even direct health effects of people on all continents.
Effects of climate change for companies
Rising price and volume risks associated with raw materials and fossil energies
- Rising energy and food prices
- Energy supply is vulnerable to supply shocks
- Increasing uncertainty and volatility
Regulatory-induced changes to the market economy
- Climate change promotes need for political action
- Energy consumption is getting more expensive
- Rising subsidies for low-carbon energy
- Uncertainty about concrete measures will increase
Changing stakeholder expectations and consumption patterns
- Rising expectations in terms of corporate responsibility
- Growing demand for climate-friendly products and services
Source: ZNU-Weiterbildung „Nachhaltigkeitsmanager“ (ZNU training "Sustainability Manager")
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