Transcript Jim Hight - The Challenge and Opportunity of Private Sector Climate

Framing the Markets for
Climate Change
Adaptation & Resilience
Jim Hight, Senior Editor
Climate Change Business Journal
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Consulting & Professional Services
 Climate change consulting
 Risk and vulnerability assessments for public sector
 ICF support for USGCRP
 Acclimatise: CC studies for ports in Manzanillo, MX;
Cartagena, Col.
 Hazen & Sawyer: studies for water industry
 Dewberry: SLR guidance for US FEMA, Corps of Engineers;
NY, FL
 USAID, DFID, GIZ other aid agencies funding large
adaptation and resilience projects
 In US, language matters: Feds, blue states plan for
“climate change.” Red states plan for “extreme weather,”
“drought,” “climate variability.”
Consulting & Professional Services cont.
 Tools and software for climate risk assessment and
planning: usually developed with consulting
engagements, then available independently. Some public,
some proprietary.
 Four Twenty Seven: web app for counties’ heat vulnerability.
 DNV GL’s ADAPT Framework for electric power utilities
 For water, EPA’s Climate Resilience Evaluation and
Awareness Tool (CREAT); Climate Risk’s AdaptWater
 Anthesis and Acclimatise’s RiskHorizon for supply chains
 The Nature Conservancy’s online Coastal Resilience maps,
developed with Arcadis, other firms
Consulting & Professional Services cont.
 Integrating, mainstreaming climate change
 Planning, engineering firms integrate CC into designs
 Sometimes via a climate change-specific contract: Moffitt &
Nichols, SLR for SF Airport
 More typically, CC incorporated into project design, often with
input from specialist subcontractors (above)
 Private sector (oil and gas, mining): we know it’s happening,
but industries are tight-lipped.
 Question: as tools continue to evolve and climate change
becomes increasingly integrated into project and infrastructure
design, will there be as much demand for climate change
consulting?
New services and products
 “Booming Business of Global Warming” (Funk, 2014)
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Private fire protection services
Hedge funds speculating in water rights and farmland
Oxitec genetically engineering sterile mosquitoes
Mining and O&G companies exploring ice-free regions of
Greenland
 Canada and Russia preparing to service maritime trade in icefree Arctic
 Flood protection and warning
 Flood protection products: Aquafence, Tiger Dam
 Sensors for sump pumps to monitor urban flooding
 Smartphone barometers networked for precision near-term
forecasting
Emerging markets, business models
 Beverage industry watershed coalitions
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Diageo: Nairobi Water Roundtable
Latin American Water Fund
FEMSA sponsored initiatives
Beverage Industry Consortium
 Crop insurance, resilience for farmers in developing
world
 R4, African Resilience Capacity, Sompo Japan Nipponkoa
Group “Typhoon Guard Insurance” other parametric insurance
initiatives
 Combine resilience practices with insurance: IDB’s MIF project
with ag co-ops in Brazil testing 22 measures; R4 in Ethiopia,
Senegal, Malawi and Zambia promoting stone bunds and
ponds to retain rainfall.
Emerging markets, business models, cont.
 PPPs for coastal resilience
 Vale’s support of the Capixaba Hydrometeorological Monitoring Center (Brazil)
 Insurance company investing in “sand engine” offshore from Euro tourism
community to reduce risks and create new customers.
 Stormwater credits for green infrastructure
 Tremendous potential, but leading models in Phila, DC have yet go
gain traction
 Coastal Risk Consulting, one of the “Eight Coolest Startups in Broward
County.” Broward Palm Beach New Times.
 The big question: when will climate risk drive new private
investment in resilience?
 Insurance Industry’s 1:100 Initiative
 SwissRe’s Economics of Climate Adaptation
 Requirements to address CC in EIAs
Thank you for your attention
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