Business Env. Ppt

8/3/2019 Business Env. Ppt

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GROUP 7

GLOBAL WARMING AND ITS

IMPACT ON INDUSTRY AND

CORPORATE SECTOR


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PRESENTED BY

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PRESENTED TO



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Dr.

Rajeshwar Nath

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WHAT IS GLOBAL

WARMING ?Click to edit Master text stylesSecond level

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EARLY SIGNS OF GLOBAL

WARMING!NS Glaciers melting

Ocean warming, sea-level rise and coastal flooding

Spreading disease

Earlier spring arrival

Plant and animal range shifts and population changes

Coral reef bleaching

Downpours, heavy snowfalls, and flooding

Droughts and fires

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5 CAUSES OF GLOBAL

WARMING1. Deforestation

2. Methane release3. Carbon dioxide

4.

Nitrous Oxide5. CFCs

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WHAT INDUSTRIES WOULD

GLOBAL WARMING HAVENEGATIVE EFFECTS ON?The International Intergovernmental Panel on ClimateChange (IPCC) states that the industries which will bemost affected by global warming or climate change arethose that depend on climate-sensitive resources. Theseindustries are located in the areas that will be mostseriously affected by increased flooding and frequencyof extreme weather events. There are both direct andindirect effects; for example, problems in agriculturewould affect all food-related industries.

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AND AS A RESULT IT

IMPACT ON INDUSTRY

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EFFECT ON WATER

INDUSTRYThe IPCC predicts that by the middle of the 21st century,the average yearly river runoff and water availability willincrease by 10 to 40 percent in the wet tropics and at

high latitudes, while it will decrease by 10 to 30 percentin the dry tropics and dry regions at mid-latitudes.Flooding and drought will become more common indifferent parts of the world. Reduced snow cover andglaciers will provide less water to the regions that depend

on them. These changes will negatively affect the waterindustry.

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NATURAL RESOURCES

Although crop productivity is expected to increase in some parts ofthe world, it will decrease in others, particularly in response todrought. This will have negative effects for agriculture and associatedfood production and distribution industries. Global food production isexpected to decrease if the temperature rise exceeds 1 to 3 degrees

C, according to the IPCC. Climate change will also affect forestry. TheIPCC predicts an increase in commercial timber production globally,but notes that the effects will vary in different parts of the world, aswith agriculture. Climate change will negatively affect the fishingindustry as well. The IPCC warns that the distribution of fish species

and their productivity will both change.

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EFFECT ON TOURISM

The tourism and recreation sectors are likely toexperience a serious negative impact fromclimate change, as they are dependent on

particular locations and natural resources. Skiresorts and low-lying tropical islands are mostat risk, as snowfall patterns change and the sealevel rises. Rising fuel prices could also affecttourism by restricting travel.

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EFFECT ON INSURANCE

INDUSTRYAn increase in the frequency and severity ofextreme weather events and flooding couldadversely affect the insurance sector byincreasing the number of large payouts theyhave to make. Cover against flooding and theother effects of climate change could becomemore expensive and difficult to obtain. Thiswould affect all industries negatively.

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EFFECT ON CONSTRUCTION

INDUSTRYFlooding and coastal erosion will affect certain areas,many of which are densely populated and industrialized.Coping with these threats or moving to safer areas will

be expensive. The construction industry will also haveto cope with the impact of climate change. Constructioncompanies will need to take more care when selectingsites and incorporate precautions against extremeweather and flooding into their plans.

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EFFECT ON FUEL

BUSINESSTaxes to offset the cost of carbon emissions to the environmenthave already been introduced in many jurisdictions. Governmentsthroughout North America have coined the term "carbon tax" todescribe costs which they say will be put towards protecting the

environment. Any petroleum products are included in this tax. Theresults of the increased costs of fuel could affect the profitability of

petroleum companies if people begin seeking other forms oftransportation. Businesses selling alternate fuels such as grasses,grains and other foliage could see a rise in sales. For example, the

price of corn could rise and be followed by an increase in the costfor food.

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OTHER RISKS

Effects on various other businesses are anticipated.For example, the price of fresh water is expected tosoar and higher value on water efficiency could result.

Facilities could be in danger of flash flooding, due totropical storms that are expected to result fromwarming. More government taxes and pollution

penalties are likely to be initiated, according to ZD Net.

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POSITIVE ECONOMIC IMPACTSOF GLOBAL WARMING

The threat posed by global warming is sparking what manyeconomists and political leaders hope will be a new technologicalrevolution. For decades, the global economy has been fueled by theavailability of cheap fossil fuels like coal and oil. It is now recognized

that our reliance on these fuels has come at a price. Greenhouse gasemissions produced by the burning of fossil fuels for energy andtransportation have contributed to global warming. This realizationhas contributed to increased support for cleaner, renewable sourcesof energy like wind and solar power. Demand for renewable energy

and energy efficiency could lead to the creation of new green jobs,and stimulate economic growth

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What can we do?

Calculate and understand your carbonfootprint

Reduce your use of energyLook for ways to use renewable energy

Support efforts by all who encourage

Energy efficiencyRenewables

Carbon neutrality

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TEN INDUSTRY ARGUMENTS

AGAINST ACTION ON GLOBALWARMING1. Binding emissions reductions before

2020 are too swift, and should not beimposed until the technology to removecarbon dioxide from coal-fired power

plants is commercially available

2. Global warming reductions will drive oiland gasoline prices even higher

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Cont.

3. Global warming reductions will decimatefamilies budgets.

4. Global warming reductions will sendAmerican jobs overseas to countries that donot reduce their emissions.

5. The Climate Security Act will wreck the

economy

6. Clean energy jobs will cost workers infossil fuel industries their jobs

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Cont

7. Global warming solutions will hurt the poor

8. The Climate Security Act will bankrupt Americanindustry unless we hand out lots of free pollutionpermits.

9. Steep reductions in greenhouse gases cannotoccur without a significant increase in subsidies fornuclear power.

10. Economic analyses by industry groups showthat the Climate Security Act is unaffordable, willlead to huge electricity rate hikes, and cost jobs.

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Fifth level

THANK YOU

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