The Business of Adaptation

Author
M. Forstater, S. Huq and S. Zadek
Source
Climate Policy Briefing Series, Briefing 1
Publisher
AccountAbility
Publication date
November 2009
Type
Papers/Notes
Category
Managing Corporate Responsibility
Environment/Climate Change
Discipline
Environmental Management
Language
English
Link
The Business of Adaptation
Free/Pay for content
Free
 

Private action is not a substitute for public obligations, but it has a crucial role in complementing the fulfilment of such obligations given the scale of the adaptation challenge to nations, economies and vulnerable communities.

This paper therefore addresses how private action can be effectively mobilised, and leveraged through the appropriate design of international public policies and financing mechanisms, with a subsequent paper focusing on national policy options and practices.

Over the coming decade economies will have to be transformed towards low-carbon, climate resilient development pathways. To achieve this it is crucial that adaptation starts to receive as much business attention as mitigation. The success of national adaptation strategies will depend on whether they enable businesses to adapt, to provide products and services that help others to adapt, and to avoid investment strategies that store up problems of maladaptation.
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