Impact of Climate Change on Indian Business

SVKM’s Narsee Monjee Institute of Management Studies,

Mumbai

Environment Management

End-term Project Report

Impact of Climate Change on Businesses in India

Date: 23 November 2013

Submitted By:

Tarun Gupta (D027)

Prashant Kumar Singh (D053)

Himanshu Sood (D054)

Sirav Talwar (D055)

Kshitij Sharma (D058)

Dhruvi Shah (D060)

Table of Contents

Introduction 1

Economic development or Environment 1

Rise of green consumer 2

Government Regulations & Role of NGOs: 2

Impact on Business Operations: 3

Business Risks due to Climate Change: 4

Business Response – Managing risks and leveraging opportunities 4

Conclusion 5

References 5

Impact of Climate Change on Business

Introduction

Natural factors have been responsible for the changes that our planet has undergone throughout its history. These include tiny changes in the path of the Earth around the sun, volcanic activity and fluctuations within the planet's climate system. By burning fossil fuels, deforestation and farming livestock, humans have a huge influence on our climate.

Our planet radiates some of the heat from Sun's energy back out towards space. Some gases prevent heat from escaping the planet's atmosphere and act like a glass forming a greenhouse effect. Immense amounts of these gases are released into the atmosphere by humans and this is further enhancing the greenhouse effect.

Europe and other countries worldwide can already face the consequences of climate change. These impacts are predicted to increase in the coming decades. The planet is facing rising temperatures, shifting worldwide rainfall patterns, melting ice glaciers and ever-increasing high sea levels. Floods and droughts are becoming common phenomena due to these changes.

One-fourth of the Earth's species may become extinct by 2050 with the rapid global warming. Transformation of life on Earth is beginning due to the climate change. Our planet still supplies us with all living things,...