The hidden costs of climate change

The business risks posed to energy companies by climate change go well beyond compliance with emissions reduction schemes. Most companies that have taken climate risks into account have only considered half the picture, says John Firth

Failure to take into account the impacts of climate change on energy generation and transmission, together with changes in demands by consumers as our climate warms, will have severe consequences for energy markets.

Much of the climate change debate revolves around whether it is human induced or not. This often masks the point that regardless of the cause, climate change it seems, is inevitable.

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