Question

CLIMATE CHANGE ECONOMICS AND POLICY

Read: The lecture slides and required readings in Module 3 Week 12.

Reflect: This week the topic we explore relates to effective business strategies to address the climate change challenge including the ‘No Regrets’ strategy. An effective response requires understanding the carbon exposure of the firm, various business and operational risks (including reputational risks) as well as opportunities provided by the physical impacts and the policy environment. The factors that influence corporate positions on climate change: external, industry and company-specific factors (see Table 5.1 of Pinkse & Kolk). Reflect on how these factors influence various corporate positions on climate change.

Respond: Submit the tutorial to the dropbox by the due date

*Provide brief answers for the following

1 a *Describe the ‘No Regret’ strategy in responding to climate change.

b *In the corporate case or sector you have chosen for the assignment (Construction Sector) are there any ‘No regrets’ strategies available?

2 Assume the Head of Business Solutions at your company (choose the corporate case either a sector or business as per your assignment....<Construction Sector> ) has asked you to briefly:

a *Identify and rank two risk’s to the sector or company from climate change

b *Identify one opportunity that climate change policy presents the sector or company with?

c *Identify the best strategic choice available to the sector or company?

(PLEASE USE IN-TEXT AND AFTER-TEXT REFERENCING, ALSO PARAPHRASE EVERYTHING IF COPYING MATERIAL)