please explain this issue to me. and provide some examples on how this might affect businesses.

ebookcentral proquest.com h lides ProQuest Ebook Central - Reader Home Search Bookshelf Settings Sign Out ON Q Q Page 98 of 282 Climate change of the sustainable development issues, climate change is probably the best known There are a number of commentators - including James Stacey of Earth Capital Partners - who state that some areas of Kenya is not suffering from a drought but from climate change Statements such as this can make investors reappraise the conditions they place upon loans or review the geographical areas in which they are willing to operate. 6 Contrary to popular opinion, there is broad-based consensus - even among many climate sceptics-that climate change is happening. A few commentators do deny that climate change is occurring but most of the debate on this topic relates not to the existence of the phenom enon but to the cause, scale and implications of climate change. 98 Responsible Hospitality: Practice Scientists predict that it is necessary to halve emissions of CO from 1990 levels by 2050 to prevent catastrophic global warming This is thought likely to keep global temperature increases to around 2C (the lowest threshold of anticipated tempera- ture change). Even within this threshold, it is thought that 20-30% of species could face extinction and there are predicted to be serious effects on the environment food and water supplies, and health (UK Metrological Office 2010). One of the biggest problems with climate change is the fact that the science is uncertain and while there is general consensus of the fact that the world is warming, there is little consensus ebookcentral.proquest.com ProQuest Ebook Central - Reader Search Bookshelf Home Settings S PDE Q Page 98 of 282 Scientists predict that it is necessary to halve emissions of CO, from 1990 levels by 2050 to prevent catastrophic global warming. This is thought likely to keep global temperature increases to around 2C (the lowest threshold of anticipated tempera- ture change). Even within this threshold, it is thought that 20-30% of species could face extinction and there are predicted to be senous effects on the environment, food and water supplies, and health (UK Metrological Office 2010). One of the biggest problems with climate change is the fact that the science is uncertain and while there is general consensus of the fact that the world is warming, there is little consensus of the scale or impacts of that change or of the strategies required by businesses to adapt and thrive. Climate change has had a very high profile within the media, but the level of debate about the likely impacts has been a deterrent to action. Many businesses have taken measures to reduce their carbon emissions (this is known as mitigation in the jargon and these are described in Principle 1), but fewer have recognised that there is a need to adapt current business operations to continue to thrive throughout the period of change (this is known as adaptation) Information about business adaptation strategies is lacking We need to open up the black box' of what the private sector is doing ... We know things are happening, but we need to pull them into the debate, before the world meets to determine its climatic fate... Kallhauge (2009)