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How Climate Change is Shaping the Future of Business

This article is one in a series of updates from WRI’s Next Practice research team to highlight tools and guidance for developing corporate sustainability strategies. It builds on previous themes - Filling the Sustainability Innovation Gap and Mining Megatrends for Innovation - with examples of recent research and evidence that help build the business case for sustainability.

A recent KPMG report highlights ten “sustainability megaforces” that will shape markets in the decades to come. The list includes population growth, energy and fuel, ecosystems decline, and material resource scarcity, among others. These interconnected trends will create risks and opportunities for business. In response, companies need new strategies, particularly for market impacts relating to what KPMG calls the “megaforce” influencing all others: climate change.

Time to See Climate Action as Pro-Growth

This piece was co-authored with Vinod Thomas, Director General of independent evaluation at the Asian Development Bank. It originally appeared in the South China Morning Post.

China, South Korea, Russia, the United States and two dozen others face potential leadership transitions this year. The prospect for economic growth and prosperity is likely to be the central determinant of these events. Not on the agenda, however, is climate change. Yet, it should be - because our growing understanding of its science and economics warns us that people's welfare hinges on it.

Greenhouse gas emissions in the atmosphere continue to climb at alarming rates. Temperatures are breaking records around the globe. The just-released report from the Intergovernmental Panel on Climate Change makes a link between more intense rainfall and more extreme temperatures with man-made climate change.

3 Things Businesses Need To Know About Extreme Weather

This piece originally appeared on Forbes.

NOAA called it Meteorological March Madness. Other commentators likened it to science fiction. More than 15,000 daily heat records were broken around the U.S. last month, making 2012 the warmest March since records began in 1895.

Not only was the summer-like spring fact not fiction, but such trends may soon become the new normal as climate change takes greater hold. A long-awaited report from the UN International Panel on Climate Change (IPCC), with input from 220 authors, serves as a stark reminder that the world must brace for more extreme weather and climate events.

Greenhouse Gas Protocol Launches in India

This piece was written with Stacy Kotorac.

The use of standards to account for corporate greenhouse gases is increasingly common in developed countries – but it is emerging in developing countries as well.

In India, companies’ focus on value chain inventories and life cycle thinking is in nascent stages. That’s why the Greenhouse Gas Protocol, a collaboration of the World Resources Institute and the World Business Council for Sustainable Development is partnering with The Energy Resources Institute (TERI) in launching its two new tools, the Product Life Cycle and Corporate Value Chain (Scope 3) Accounting and Reporting Standards, in New Delhi next week.

These new standards establish a comprehensive, global, standardized framework for businesses and other organizations to measure their value chain and product emissions and to reduce their impacts on the climate.

National Adaptive Capacity Framework Helps Countries Get Ready for Climate Change

This week, WRI released a new report summarizing assessments of institutional readiness for adapting to climate change. The report, Ready or Not, focuses on pilot applications of the National Adaptive Capacity (NAC) framework in three countries: Bolivia, Ireland, and Nepal. Co-authors Heather McGray and Aarjan Dixit respond to questions about the NAC framework, which provided the analytic basis for this report.

Ready or Not

Assessing National Institutional Capacity for Climate Change Adaptation

This report introduces the National Adaptive Capacity (NAC) framework, a tool to help governments bring institutional capacity development into their adaptation planning processes. The NAC framework enables its users to systematically assess institutional strengths and weaknesses that may help...

Weird Winter Weather and the Climate Connection

Punxsutawney Phil may have forecast six more weeks of winter, but for much of the country winter has not yet arrived. Once again, weird weather is dominating the headlines. Temperatures have recently hit highs of 63F in New York City and 72F in Washington, D.C., where cherry blossoms are already flowering.

The National Climatic Data Center released its January data yesterday for the United States and the summary was not surprising to anyone who has enjoyed the warmer weather. January was 5.5F higher than the long-term average and the fourth warmest January on record. Twenty-two states experienced temperatures over the past two months that were among their ten warmest on record. And, amazingly, none of the states reported temperatures that were lower than average.

Carbon Canopy Initiative Aims to Sustain Appalachian Forests for Climate and Certified Timber

While much has been written from a theoretical perspective about markets for ecosystem services, few on-the-ground projects currently exist. Yet the projects that do exist provide one of the best windows onto what actually works in practice. That’s why WRI has issued a new brief, Insights from the Field: Forests for Climate and Timber to discuss an innovative initiative called the Carbon Canopy.

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