Climate risks and Geopolitics: How can firms prepare? 1 Credit
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Most people may think of climate change action as primarily involving scientists and governments — but there is a clear geopolitical angle to it that keeps businesses and other organizations up at night.Â
Businesses are more visible and more actively scrutinized than ever before. This has come as the result of social and economic shifts in the wider society, and changes in attitudes, thanks to rolling news and social media. Public concern over climate change and the disruption caused by it will increase over the coming decade. Climate change is amplifying the frequency and severity of extreme weather events, leading to devastating consequences such as floods and heat waves.Â
The aftermath of climate-driven events brings human suffering, home and business destruction, and increased disease risk. Beyond immediate impacts, climate change amplifies threats in politics, economics, and society, triggering major crop failures that could escalate global food prices and prompt unpredictable political responses. To navigate this instability, organizations should follow the lead of entities like the US military, addressing climate change as a destabilizing challenge. Developing credible scenarios, conducting simulations, and creating response plans are crucial for businesses to mitigate economic shocks, market losses, supply chain disruptions, and political uncertainties linked to climate change.
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Despite the challenges, let's embrace optimism! The pressure of this new world might drive innovation and collaborative political initiatives, leading to a sustainable future. Don't miss out – register now for insights that will reshape your understanding of climate change!
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Merlin Linehan is a Risk Manager at the European Bank for Reconstruction & Development (EBRD), working across crisis management and business resilience. Merlin has supported the Bank through a number of major geopolitical and operational events including Covid, Ukraine and Log4j. Merlin is also a regular contributor to publications such as Frontera, PRMIA and Risk Screen and others covering geopolitics, risk and climate change. He has also appeared in various media outlets including the FT, BBC and Global Capital commenting on China’s global role and emerging markets.
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DG
Very good high-level discussion of the risks from global climate change.
WP
Overall course content is very good and a great value
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