Change
   
 
Environment : Climate Change
 
Climate Change
Climate change is one of the major challenges of our time and adds considerable stress to our societies and to the environment. From shifting weather patterns that threaten food production, to rising sea levels that increase the risk of catastrophic flooding, the impacts of climate change are global in scope and unprecedented in scale. Without drastic action
today, adapting to these impacts in the future will be more difficult and costly.

Climate change is a serious risk to poverty reduction and could undo decades of development efforts. While climate change is global, its negative impacts are more
severely felt by poor people and poor countries. They are more vulnerable because of their high dependence on natural resources and limited capacity to cope with climate variability and extremes. Restoring and maintaining key ecosystems can help communities in their adaptation efforts and support livelihoods that depend upon the services of these
ecosystems. Moving towards low-carbon societies can help reduce greenhouse gas emissions, improving human health and well-being and creating green jobs.

Effects of climate change
Ice-loss from glaciers and ice sheets are continuing with an ice-free passage through Canada’s Arctic islands, and accelerating rates of ice-loss from ice sheets in Greenland and Antarctica. Combined with thermal expansion—warm water occupies more volume than cold—the melting of ice sheets and glaciers around the world is contributing to rates and an ultimate extent of sea-level rise that could far outstrip those anticipated in the most recent global scientific assessment.

Shifting weather patterns threaten food production through increased unpredictability of precipitation, rising sea levels contaminate coastal freshwater reserves and increase the risk of catastrophic flooding, and a warming atmosphere aids the pole-ward spread of pests and diseases once limited to the tropics.

 

Six Things Companies Need to Know About Climate Change Adaptation
Businesses worldwide are beginning to see the risks and economic impacts of more frequent and intense storms, water scarcity, declining agricultural productivity and poor health. In a survey of global businesses, 86% described responding to climate risks or investing in adaptation as a business opportunity. A new study - by the UN Global Compact, UNEP, Oxfam and WRI - makes the business case for private sector adaptation to climate change in ways that build the resilience of vulnerable communities in developing countries.
Read

Adapting to Climate Change In Bangladesh.
WRI's Aarjan Dixit recently attended the 5th Annual Community Based Adaptation to Climate Change Conference in Bangladesh. As part of the conference, participants visited local communities to see how adaptation projects were working. Many of the activities people say would help them adapt to weather challenges are often the same development-focused activities that would help increase resilience to a host of other economic and natural shocks.
Read

 

Hindalco
Linkage with operational factors (high energy use, land use changes during mining and water use) and regulatory regimes (National Action Plan on Climate change in India and carbon tax in Australia).

We recognize that there are several challenges and opportunities arising out of the climate change agenda. Being an emissions intensive sector, we are at risk to climate change regulations, levies and taxes. We recognize that we have an important role in climate change mitigation by reducing the emissions intensity in all our operations. We have calculated our carbon footprint and have set up internal targets for reduction (5%). We have developed emission offset projects for reducing PFC emissions and improving energy efficiency. The impact of climate change is likely to manifest through increased variability in water – lack of availability of water on one side and extreme weather events/floods on the other. We recognize that adaptation to climate change is an equally important task and we are focused on water conservation.