The business of climate change
Businesses are facing a challenging timeline in which to develop and implement their response to climate change regulation – one of the biggest economic reforms of the last 30 years. If your business is impacted, you will need a comprehensive strategy that identifies opportunities and reduces risks in the new business environment.
To date, many businesses have hesitated to develop such a strategy, citing uncertainty as the main hurdle. The Government's White Paper, released in December 2008, and the subsequent exposure draft legislation, clarifies many important details of the proposed national emissions trading scheme.
You are now in a position to make informed investment and strategic decisions about a carbon constrained future and implement appropriate strategic and tactical responses to deal with the implications. It is critical to act now. Given the expected impact of the cost of carbon across the economy, your business may have considerable value at stake.
Climate Change is a business issue with a wide range of inter-related financial, economic, strategic and risk management consequences. To help you identify and understand the range of issues to be considered, Ernst & Young has prepared a series of informative papers, titled The Business of Climate Change.
