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8,789 result(s) for "CLIMATE CHANGE STRATEGIES"
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Integration of Climate Change Strategies into Policy and Planning for Regional Development: A Case Study of Greece
Climate change presents a pressing challenge to regional development, impacting economies, environments, and societies across the globe. Europe, with its diverse regions and commitment to sustainability, serves as a unique case study for exploring the integration of climate change strategies into regional policy and planning. The purpose of this study is to analyze the integration of climate change strategies into policy and planning for regional development in Europe, especially in Greece. Data was collected from 270 environmental experts across Greece using a questionnaire. The results highlight the significance of regional economic growth (gross regional product), infrastructure quality, educational attainment, and a conducive business environment as key measures of regional development. Opportunities arising from climate change strategy integration are explored, revealing economic benefits, environmental opportunities, social enhancements, and technological advancements. These opportunities not only mitigate climate change’s adverse impacts but also foster innovation, economic growth, and community resilience. Successful integration can position regions as global leaders in sustainability and innovation. Correlation and regression analyses reveal that opportunities for integration and common climate change strategies positively influence regional development, while barriers exhibit a counterintuitive positive relationship. However, several barriers hinder integration efforts, including institutional fragmentation, resource constraints, conflicting political and economic priorities, and insufficient stakeholder engagement. This study sheds light on the intricate relationship between climate change, policy integration, and regional development in Greece. It supports the potential for regions to drive sustainability and innovation while navigating the challenges of climate change, ultimately contributing to a more resilient and prosperous future.
The impact of the board of directors on business climate change management: case of Brazilian companies
The corporate sector is one of the main emitters in the world due to the production process and therefore is identified as a major contributor to climate change. In fact, the productive sector is both one of the major aggregators of the impacts of global climate change and a market actor who can play an important role in reducing, mitigating, and adapting the vulnerability of human and natural systems. The main objective of this study was to verify whether the climate change performance of Brazilian companies is influenced by the characteristics of the composition of the board of directors (BD). The performance here is measured according to company’s Carbon Disclosure Project (CDP) score. The score, besides evaluating the quality and comprehensiveness of information provided on climate change mitigation strategies, evaluates the level of concrete and proactive actions, policies, and strategies adopted by companies to mitigate climate change. The study was based on the premise that climate risk management is the responsibility of the board, which is responsible for ratifying important decisions in the company. A multiple linear regression model based on data from the CDP of a sample size equivalent to 72 Brazilian companies, referring to the period among 2014 to 2018, totaling 360 observations listed on the Brazilian stock exchange showed that corporate climate management have significant and positive relationship with the size of the company’s BD, number of independent directors of the BD, Business Sustainability Index (ISE) participation, size of firm, profitability, and industry classification. The findings suggest several strategies that could be used to engage firm in climate management, among which the increase in the number of independent directors in the board composition. In other words, we have found that one of the most effective strategies of mitigation and adaptation that can inhibit or pressure companies to become involved in climate management is increasing the number of independent directors on the board of directors. This result, although based on Brazilian companies, can have implications for the rest of the world’s companies, since, regardless of country, the BD’s role remains the same, ratifying the important decisions in the organization. Therefore, proportion of the number of independent director’s increase leads to the improvement of the company’s involvement in climate issues. Thus, potential investors, for example, may require such a feature before investing in a particular company. In addition, we found that companies that strive to be part of the ISE developed by the São Paulo capital market have a higher climate performance compared to companies that are not part of it, demonstrating therefore that ISE is a key instrument to get companies to increase their concern about environmental issues, in general, and climate, in particular. Thus, as global recommendations for mitigation/adaptation strategies, capital markets around the world can also play an important role in the climate mitigation and adaptation process by creating ISE-like instruments and creating incentives for companies to strive to adhere to these instruments.
Do Invasive Mammal Eradications from Islands Support Climate Change Adaptation and Mitigation?
Climate change represents a planetary emergency that is exacerbating the loss of native biodiversity. In response, efforts promoting climate change adaptation strategies that improve ecosystem resilience and/or mitigate climate impacts are paramount. Invasive Alien Species are a key threat to islands globally, where strategies such as preventing establishment (biosecurity), and eradication, especially invasive mammals, have proven effective for reducing native biodiversity loss and can also advance ecosystem resilience and create refugia for native species at risk from climate change. Furthermore, there is growing evidence that successful eradications may also contribute to mitigating climate change. Given the cross-sector potential for eradications to reduce climate impacts alongside native biodiversity conservation, we sought to understand when conservation managers and funders explicitly sought to use or fund the eradication of invasive mammals from islands to achieve positive climate outcomes. To provide context, we first summarized available literature of the synergistic relationship between invasive species and climate change, including case studies where invasive mammal eradications served to meet climate adaptation or mitigation solutions. Second, we conducted a systematic review of the literature and eradication-related conference proceedings to identify when these synergistic effects of climate and invasive species were explicitly addressed through eradication practices. Third, we reviewed projects from four large funding entities known to support climate change solutions and/or native biodiversity conservation efforts and identified when eradications were funded in a climate change context. The combined results of our case study summary paired with systematic reviews found that, although eradicating invasive mammals from islands is an effective climate adaptation strategy, island eradications are poorly represented within the climate change adaptation and mitigation funding framework. We believe this is a lost opportunity and encourage eradication practitioners and funders of climate change adaptation to leverage this extremely effective nature-based tool into positive conservation and climate resilience solutions.
Revisiting the impact of corporate carbon management strategies on corporate financial performance: A systematic literature review
The objective of this research is to examine the relationship between carbon management strategies in corporations and their impact on financial performance. We employ a systematic literature review to analyze 223 articles retrieved from reputable journals indexed in Scopus. A total of 22 empirical studies covering various industry sectors and countries were selected and included in our analysis. The result indicates that 59% of the articles demonstrate positive findings. Among these, 50% show a significant positive impact, while 9% exhibit mixed results with both positive and negative outcomes in the short and long-term perspectives. These findings suggest that adopting carbon management strategies predominantly has a positive influence on corporate financial performance. In this study, we also provide a summary of the dependent, independent, and control variables, as well as commonly used indicators in this research topic, to help guide future quantitative research. Lastly, we offer a summary of the motivations, drivers, and barriers that corporations experience when implementing carbon management strategies. These insights will be valuable for business managers and policymakers, aiding them in successfully embarking on the journey to achieve net-zero emissions.
Disclosure of climate risk information by the world’s largest companies
The risks related to global climate change are seen as threats to companies, taking into consideration their impact on the return on investment. In order to mitigate climate risk and introduce new opportunities to financiers, companies need to identify, manage, and report climate risks. The purpose of this paper is to investigate the climate risks disclosed by the 100 largest companies in the world, according to the Bloomberg and Price Waterhouse Coopers (PwC 2015) classification, and identify some characteristics of these companies that explain the disclosure level of such information. Preliminary results revealed that of the companies investigated, 14% did not disclose any climate risk information in the Carbon Disclosure Program (CDP) report. Also, from the companies that disclosed information according to the Global Reporting Initiative (GRI), 9.9% did not provide information regarding policies, actions, and strategies for mitigating the risks related to climate change. The results shown by the content analysis suggested that, in general, there is still a low level of disclosure about climate risks by these companies. The final results through econometric instruments and statistical tests indicate that the size of the company or the fact that corporations are from developed countries do not necessarily explain the level of information disclosed. However, the activity sector, the continent, and the efficiency of the Board of Directors are factors that strongly explain the level of climate risk disclosure. We conclude that more effort is needed to encourage an engaging attitude from corporations to develop actions, policies, and strategies to mitigate climate change risks and threats. In addition, the world’s largest companies should make a greater investment in climate risk disclosure.
The ripple effects of climate change on agricultural sustainability and food security in Africa
Climate change results in lower agricultural outputs, disruption of food supply chains, and widening of the social gap between poor and rich in developing countries, with more vulnerable groups being pushed into untold poverty. This review aims to investigate the consequences of climate change on food insecurity in Africa in the context of environmental degradation. This review emphasizes the complexity of demands on food security systems due to changing climatic conditions under the four pillars (availability, accessibility, utilization, and stability). This review demonstrated the susceptibility of farm production to changes in temperature, precipitation, and weather patterns generated by climate change. In addition, this review investigated the factors shaping food insecurity, such as increasing population growth, poverty, inadequate early warning systems, and weak agricultural infrastructure. Furthermore, the review points out how climate change affects food prices and availability and the widening income gap, potentially leading to social unrest and political instability in Africa. Vulnerable populations, including impoverished, elderly, and physically challenged individuals, are at increased risk due to climate‐related health impacts. Women who face gender inequalities and socioeconomic limitations are particularly susceptible. We posit that there is a need for comprehensive strategies that address health disparities and consider vulnerable subgroups within society alongside broader measures to enhance food security in the face of climate change.
Business climate risk management: international perspectives and strategic determinants
In recent years, climate change, environmental, social and governance factors, and their multidimensional impacts have become dominant topics of discussion. This study investigates the determinants of corporate climate risk management based on the theories of legitimacy, agency, and stakeholder. We utilize a diversified sample of multinational companies from Brazil, France, and the USA listed on stock exchanges, focusing on exposure, disclosure, and the implementation of climate projects. We conducted rigorous statistical analyses, including both classical and advanced robust models. Our methodology involved the use of robust covariance matrix estimation, robust Newey‒West estimation, and robust estimation by Driscoll and Kraay. Preliminary results reveal that a significant proportion of companies in these countries have not disclosed climate risks with business impacts, raising questions about awareness and recognition of these risks. Our analysis also highlights the predominant concern about regulatory risks, suggesting the need for companies to navigate a complex regulatory landscape. Furthermore, we identified the influence of factors such as size, industry profile, climate regulation, creditor power, auditor power, and profitability on climate risk management. Evidence suggests that companies of all sizes and backgrounds should recognize the importance of climate risk management and engage all stakeholders, including creditors and auditors, who play a crucial role in perceiving climate risk exposure. This involves the proactive assessment of risks associated with climate change and the implementation of strategies to mitigate them. This study provides valuable insights for business decisions aligned with sustainability and the transition to a low-carbon economy.
Farmers’ Perception and Adaptation Strategies Towards Climate Change: A Village Level Study in India
The present study attempted to observe the perception and adaptation strategies of farmers in the context of climate change. It observes that the majority of the farmers are aware of climate change and understand that they are facing problems due to it. The major problems faced by the farmers are the long duration of dryness due to lack of rainfall, weed pressure, very high temperatures, and crop disease. However, farmers are not very aware of technological adaptation and have changed the cropping time due to changes in the time of monsoon. The study recommends that there is a need for intensive micro and macro policy initiatives in terms of modern green sustainable technology along with awareness and skill development of the farmers. The government should also focus more on policy initiatives for sustainable agricultural practices in line with sustainable development goals.
Application of fuzzy credibility graph in climate mitigation strategy assessment
The challenges posed to our environment by climate change are immense and are increasing every day. Its impacts on ecosystems, weather patterns, and human health are extensive. It is imperative that we tackle climate change to save the environment and ensure a sustainable future. It is essential to implement effective climate change mitigation and control strategies to conserve natural resources and improve global well-being. Therefore, we develop a novel decision making model based on the fuzzy credibility graph to select the best climate change mitigation strategies. In this article, the fuzzy credibility graph, the direct product of fuzzy credibility graphs, the degree of a vertex, and the total degree of a vertex are defined first. After that, we apply the proposed decision making model to select the best climate change mitigation strategy. For this, we collect the expert information and the fuzzy credibility edges information about the climate change mitigation strategies, and process the proposed model to compute the relative closeness of the alternatives and identify the most suitable climate change mitigation strategy. To evaluate the performance of the proposed model, we compare it with existing decision making methods. The results demonstrate that our model provides accurate and effective decision support. Additionally, we use Spearman’s correlation coefficient to verify the consistency of the rankings. The comparative analysis confirms the validity and reliability of the proposed model in supporting climate mitigation decisions.
Measuring the level of corporate commitment regarding climate change strategies
PurposeThis study aims to examine the various climate change practices adopted by firms and develop a set of corporate indexes that measure the level of climate change corporate commitment, climate change risk management integration and climate change strategies adoption. Moreover, this study examines the relationship between the aforementioned indexes. The authors claim that there is a positive relationship between the adoption of climate change strategies, corporate commitment and risk management integration. The aforementioned indexes have been used to assess the largest companies in the oil and gas sectors.Design/methodology/approachTo assess this study’s sample companies, a content analysis of their carbon disclosure project (CDP) reports for the years 2012-2015 was conducted. Finally, weights were assigned to the content analysis data based on the results of a survey regarding the difficulty of implementing each climate change practice included in the respective index. The survey sample included climate change experts who are either currently employed in companies that are included in the Financial Times Global 500 (FT 500) list, or work as external partners with these companies.FindingsThe present study results highlight the need for developing elaborate corporate indexes, as the various climate change practices have different degrees of difficulty regarding their implementation. Additionally, a general trend in adopting climate change strategies is observed, especially in the field of carbon reduction strategies, which mainly involve the implementation of low carbon technologies. Finally, a positive and significant relationship was found between carbon reduction targets, risk management integration and climate change strategies.Practical implicationsAlthough international research has extensively examined the importance of managers’ perceptions on environmental issues as an enabling factor in developing environmental strategies, according to the results of our survey, corporations must go beyond top management commitment towards climate change to be able to successfully implement climate change strategies. Incorporation of climate change risk management procedures into a company’s core business activities as well as the establishment of precise carbon reduction targets can provide the basis on which successful climate change strategies are implemented.Originality/valueMost studies address the issue of climate change management in terms of environmental or sustainability management. Furthermore, research on climate change and its relationship with business management is mainly theoretical, and climate change corporate performance is measured with aggregate indexes. This study focuses on climate change which is examined from a five-dimensional perspective: top management commitment, carbon reduction targets, risk management integration, carbon reduction and carbon compensation strategies. This allows us to conduct an in-depth analysis of the various climate change practices of firms.