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Business Opportunities from Climate Change Will Climate Change equal profit or loss? Chris Barnes, CEO, BLEDP Ltd.

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Presentation on theme: "Business Opportunities from Climate Change Will Climate Change equal profit or loss? Chris Barnes, CEO, BLEDP Ltd."— Presentation transcript:

1 Business Opportunities from Climate Change Will Climate Change equal profit or loss? Chris Barnes, CEO, BLEDP Ltd

2 Climate is getting warmer Dispute over cause –Human activity or solar activity –But will still happen over next 20-30 years IPCC – human activity - industrialisation Perception – human activity Legislation – human activity Stern Report – climate change is biggest market failure ever Energy Instability – Russia, Middle East

3 Likely climate changes Warmer, longer drier summers Water shortages Wetter winters More storms and extreme weather Unpredictable weather globally – more Hurricane Katrinas

4 Climate Change and Business 1.Changes to legislative framework –Draft Climate Change Bill 2.Adaptation by existing business –Mitigation of effects 3.New business opportunities –New markets 4.Changes to local ED strategies

5 Draft Climate Change Bill Consultation draft published 12 March Consultation ends 12 June Govt policy – UK plc will develop technologies first which rest of world will need when it wakes up Reduction of CO 2 emissions by 60% by 2050 Carbon Budgeting – national and business Carbon Trading Changes to taxation

6 Questions for Each Business How might customer demand change as a result of climate change (CC)? Is the business dependent on a sector or activity vulnerable to CC? How might competitors be relatively advantaged or disadvantaged? Will CC have a physical impact on the business (eg flooding, subsidence, supply chain disruption etc.)? Will CC increase insurance cover? What environmental legislation will result from CC? How might CC affect employee working conditions?

7 Agriculture & Food Processing Reduced soil moisture Increased soil erosion Longer growing season New pests and diseases New heat or drought resistant crop varieties More refrigeration for transport More food poisoning Bio fuel opportunities (but it takes as much land to provide fuel for 1 4x4 as to feed 1 person)

8 Tourism and Leisure Longer summers & less rain – more visitors New tourism attractions must be environmentally sustainable Some sites vulnerable to flooding New flood risk management, eg. New wetland habitats, could create new attractions

9 Automotive Much better fuel consumption Bio fuels Vehicles need to perform better on wet winter roads Loss of global cargoes in stormy seas Insurance issues in extreme weather conditions More demand for vehicles suited to outdoor leisure

10 Manufacturing and engineering Increased pressure on water supplies and higher energy costs Demand for new products – renewable technologies, eg wind farms, turbines, solar technologies, new materials

11 Aviation and Transport Fewer snow/ice delays More robust transport systems for hotter temperatures Is current expansion of travel demand sustainable? Will government need to restrict it if carbon targets are to be met?


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