By Gavin Dillingham, PhD, Program Director, Clean Energy, and Carlos Gamarra, PhD, Senior Research Scientist, Clean Energy Technology
Lately, there has been a lot of buzz around climate change and how carbon emissions can and should be reduced to mitigate global environment degradation. Many businesses are aligning their activities in the fight against climate change and are looking for ways to decarbonize their entire value chain. However, a business must also consider near and mid-term extreme weather risks and their impacts on business operations.
Due to a rapidly changing climate, regardless of how hard we work to become carbon neutral by 2050, some of the damage is already done. The frequency and intensity of major natural disasters in growing.