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In Next Practice Collaborative, Top Companies Transition to Low-Carbon Future

The world 20 years ago looked very different from today. There was no widespread use of the internet. VHS movies rather than streaming video were the norm, and few could (nor did) imagine oil costing $100 a barrel. Innovations over this timeframe, like instant global financial transactions, social networking, and virtual communications unheard of when today’s managers entered the workforce, have fundamentally changed the way that companies do business.

Looking forward, business competitiveness and leadership depends on understanding and navigating the trends that will shape tomorrow’s markets, and positioning companies to balance the risks and opportunities to come. CK Prahalad, former WRI board member and business thought leader described the process of benchmarking corporate performance against tomorrow’s emerging opportunities as ‘next practice’.

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How Germany Plans to Succeed in a Nuclear Free, Low Carbon Economy

This piece was written by Felix Matthes, Oeko-Institut, and Jennifer Morgan, WRI.

Germany has taken some fundamental energy decisions in recent months, ones that are interesting for other countries to study and learn from. The most "famous" decision recently has been to phase out nuclear power in the next ten years. This move builds on years of debate and a societal decision after Japan’s Fukushima Daiichi nuclear accident to move away from nuclear energy.

There has been much less focus, however, on the phasing in of other sources of energy. Nor has there been much focus on how Germany can remain the economic powerhouse of Europe, and the world's second largest exporting country, while removing a significant source of energy from its grid.

This phase-in story is vital to understand, especially taking into account that Germany plans to meet ambitious greenhouse gas reduction targets while it phases out nuclear power. So, how will this work?

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Five Myths About Extreme Weather

This story originally appeared in the Washington Post.

It's too darn hot. From Maine to Hawaii, the mercury has been rising relentlessly. The oven-like conditions in the United States are just the latest in a series of extreme weather events over the past year -- epic floods in Pakistan and Australia, record heat waves in Moscow, the heaviest snowfall in more than a century in South Korea. These extremes are pushing the limits of human experience. What is driving this phenomenon? And rather than just complain, what can we do about it?

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California Cap-and-Trade: Taking the Time to Get the Details Right

The California Air Resources Board (CARB) staff is holding a workshop today on additional details that were recently announced for California’s cap-and-trade program. These details on allowance allocation, reporting, verification, and other aspects of the program, and the recent announcement on the program’s timing by CARB Chairman Mary Nichols are important, since they show that California is taking the time needed to get it right.

What happens with this program is important for U.S. greenhouse gas (GHG) emission reductions – California represents one-eighth of the U.S. economy and the program will place a price on carbon for 85 percent of its emissions. In the absence of a comprehensive federal climate policy, state-level and regional actions like these will be key drivers for achieving GHG emission reductions in the U.S. in the near term.

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Turn Climate Change Risk Into Business Opportunity

This piece originally appeared on Bloomberg Government and is reposted with permission.

Extreme weather events and climate- related disruptions are occurring with alarming frequency and intensity, whether it’s the Mississippi and Missouri rivers overflowing or the sight of parched earth across the U.S. Southwest.

As climate-change models show, we’re on a course for more extreme weather and other environmental disruptions that don’t just affect the people and infrastructure in their path -- they also have profound effects on businesses, the economy and government policy.

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The “Social Cost of Carbon” and Climate Change Policy

Economist Frank Ackerman has called the “social cost of carbon” the most important number you never heard of. What is the social cost of carbon, where do the numbers come from, and why should policymakers take care when using them?

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More than Meets the Eye

The Social Cost of Carbon in U.S. Climate Policy, in Plain English

This policy brief explains the various steps in calculating the social cost of carbon, the weaknesses and strengths of those calculations, and how they are used to inform climate policy. The aim is to help policymakers, regulators, civil society, and others judge for themselves the reliability...

Risk, Investment, and Opportunity in a Changing Climate

To stay competitive, companies will need to find ways to adapt to the impacts of climate change.

Record breaking wildfires raging in Arizona, massive flooding disrupting lives from Iowa to Vermont — extreme weather events have been at the forefront of America’s national consciousness. Yet these events and their repercussions are hardly limited to the United States. Think back last year to the floods that affected millions in Pakistan, or the wildfires and droughts that destroyed Russia’s wheat crops, causing price spikes around the world.

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Six Things Companies Need to Know About Climate Change Adaptation

In a survey of global businesses, 86 percent described responding to climate risks or investing in adaptation as a business opportunity. So finds a new report jointly released yesterday by the UN Global Compact, the UN Environment Programme (UNEP), Oxfam and the World Resources Institute.

Already, businesses worldwide are beginning to see the risks and economic impacts of more frequent and intense storms, water scarcity, declining agricultural productivity and poor health.

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