Climate change already has effects with considerable significance for medium to long-term business strategies and entrepreneurial decisions. Even if the effects of climate changes can be very different regionally, even in Bavaria the consequences are already noticeable: Weather and climate-induced natural disasters such as floods and storms are increasing, glaciers are melting, and temperatures are rising.
Such consequences can result in bottlenecks in the supply of cooling water, power failures or damage to infrastructure and buildings. Companies are also affected by the political measures taken at home and abroad because of climate change. Numerous regulations are in force, for example, the promotion of renewable energy or emission trading.
The consequences of climate change can be mitigated by reducing greenhouse gas emissions; however, we can no longer fully avoid it, because the climate-affecting gases already released into the atmosphere have a long lifetime. Climate protection measures must therefore be supplemented with strategies to adjust to the unavoidable consequences of climate change.
Through numerous studies with companies in all kinds of different industries and local communities, the bifa environmental institute has shown how much they feel affected by climate change – and above all: how they can respond to it, in order to minimise risks and at the same time to realise possible opportunities. The "factors for success" in the development and implementation of strategies are networking and cooperation, in order to adequately respond to future challenges: Nobody can adapt to the consequences of climate change on their own. All the key players along the value-adding chain should always draw up concepts together, in order to strengthen their own location and remain competitive. This applies, for example, to destination management just as much as it does to cooperations and networking in the transport industry, construction and energy industry or trade. Business associations, municipalities, science and research are all equally important; because they should provide the basic information, develop regional scenarios and provide new technologies.