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GLOBAL WARMING AND ITS IMPACT ON INDUSTRY AND CORPORATE SECTOR

PRESENTED BY
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PRESENTED TO
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Dr. Rajeshw ar Nath

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WHAT IS GLOBAL WARMING ?

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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 WARMING

1. 2. 3. 4. 5.

Deforestation Methane release Carbon dioxide Nitrous Oxide CFCs

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The International Intergovernmental Panel on Climate Change (IPCC) states that the industries which will be most affected by global warming or climate change are those that depend on climate-sensitive resources. These industries are located in the areas that will be most seriously affected by increased flooding and frequency of extreme weather events. There are both direct and indirect effects; for example, problems in agriculture would affect all food-related industries.
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WHAT INDUSTRIES WOULD GLOBAL WARMING HAVE NEGATIVE EFFECTS ON?

AND AS A RESULT IT IMPACT ON INDUSTRY

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EFFECT ON WATER INDUSTRY

The IPCC predicts that by the middle of the 21st century, the average yearly river runoff and water availability will increase by 10 to 40 percent in the wet tropics and at high latitudes, while it will decrease by 10 to 30 percent in the dry tropics and dry regions at mid-latitudes. Flooding and drought will become more common in different parts of the world. Reduced snow cover and glaciers will provide less water to the regions that depend on them. These changes will negatively affect the water industry.

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NATURAL RESOURCES
Although crop productivity is expected to increase in some parts of the world, it will decrease in others, particularly in response to drought. This will have negative effects for agriculture and associated food production and distribution industries. Global food production is expected to decrease if the temperature rise exceeds 1 to 3 degrees C, according to the IPCC. Climate change will also affect forestry. The IPCC predicts an increase in commercial timber production globally, but notes that the effects will vary in different parts of the world, as with agriculture. Climate change will negatively affect the fishing industry 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 to experience a serious negative impact from climate change, as they are dependent on particular locations and natural resources. Ski resorts and low-lying tropical islands are most at risk, as snowfall patterns change and the sea level rises. Rising fuel prices could also affect tourism by restricting travel.

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EFFECT ON INSURANCE INDUSTRY

An increase in the frequency and severity of extreme weather events and flooding could adversely affect the insurance sector by increasing the number of large payouts they have to make. Cover against flooding and the other effects of climate change could become more expensive and difficult to obtain. This would affect all industries negatively.

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EFFECT ON CONSTRUCTION INDUSTRY

Flooding 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 have to cope with the impact of climate change. Construction companies will need to take more care when selecting sites and incorporate precautions against extreme weather and flooding into their plans.

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EFFECT ON FUEL BUSINESS

Taxes to offset the cost of carbon emissions to the environment have already been introduced in many jurisdictions. Governments throughout North America have coined the term "carbon tax" to describe costs which they say will be put towards protecting the environment. Any petroleum products are included in this tax. The results of the increased costs of fuel could affect the profitability of petroleum companies if people begin seeking other forms of transportation. 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 cost for food.

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EFFECT ON TRANSPORTATION
As the cost to fill up your tank of gas increases, a hike in the number of hybrid and electric cars should follow. Hybrid cars already depreciate less quickly than vehicles with internal combustion engines. Car mechanics will have to retrain themselves to deal with this ever-sophisticated fleet of vehicles. According to B5 Media, the quality of public transportation will improve. This means a more comprehensive subway, monorail and bus systems, with more frequent stops and designs that accommodate more people. Already in Japan, massive buses that cars can drive under have been designed.

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OTHER RISKS
Effects on various other businesses are anticipated. For example, the price of fresh water is expected to soar and higher value on water efficiency could result. Facilities could be in danger of flash flooding, due to tropical storms that are expected to result from warming. More government taxes and pollution penalties are likely to be initiated, according to ZD Net.

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POSITIVE ECONOMIC IMPACTS OF GLOBAL WARMING

The threat posed by global warming is sparking what many economists and political leaders hope will be a new technological revolution. For decades, the global economy has been fueled by the availability of cheap fossil fuels like coal and oil. It is now recognized that our reliance on these fuels has come at a price. Greenhouse gas emissions produced by the burning of fossil fuels for energy and transportation have contributed to global warming. This realization has contributed to increased support for cleaner, renewable sources of 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 carbon footprint Reduce your use of energy Look for ways to use renewable energy Support efforts by all who encourage Energy efficiency Renewables Carbon neutrality
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TEN INDUSTRY ARGUMENTS AGAINST ACTION ON GLOBAL WARMING

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Binding emissions reductions before 2020 are too swift, and should not be imposed until the technology to remove carbon dioxide from coal-fired power plants is commercially available

2. Global warming reductions will drive oil and gasoline prices even higher
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Cont.
3. Global warming reductions will decimate families budgets. 4. Global warming reductions will send American jobs overseas to countries that do not reduce their emissions. 5. The Climate Security Act will wreck the economy 6. Clean energy jobs will cost workers in fossil fuel industries their jobs
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Cont
7. Global warming solutions will hurt the poor 8. The Climate Security Act will bankrupt American industry unless we hand out lots of free pollution permits. 9. Steep reductions in greenhouse gases cannot occur without a significant increase in subsidies for nuclear power. 10. Economic analyses by industry groups show that the Climate Security Act is unaffordable, will lead to huge electricity rate hikes, and cost jobs.
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Bibliography
www.independent.co.uk/environment /green-awards-celebrate-ecolog... www.ehow.com Business http://www.google.com/

http://www.ehow.com/list_7631960_list-global-w

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THANK YOU
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