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9781909293007

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Dr. Trexler and Ms. Kosloff make a compelling case for why a smart business executive should consider climate change risk when developing a corporate strategy. They introduce concepts like the five elements of business climate change risk and the climate response tipping point, which are key to understanding the true nature of the problem from a business perspective. Strategic risk management is all about developing a corporate strategy that will enable the company to thrive under a range of possible futures; climate change risk substantially broadens that range. Rather than arguing over exactly what the ramifications of climate change will be - i.e., trying to predict the future - it makes far more sense to deal with climate change for what it is: an uncertainty to be taken into account when developing one's strategic plans. PATRICK LEACH, CEO, Decision Strategies, Inc. As the gap between accepted climate science and acceptable climate policy continues to grow, corporate risk from climate climate change increases accordingly. Whether its the physical effects of climate change -- think super-regional droughts, scarce water resources, transport and food supply disruptions -- or the risks from rapid regulatory or policy swings, corporations must recognize and prepare for climate change risks. Mark Trexler and Laura Kosloff use their 20+ years of work on climate change to put these risks into perspective and provide a clear-eyed way to think about climate risk, mitigation and adaptation. For senior executives who have not yet steeped themselves in climate change, this will be an informative and sobering read. For the risk managers whose job it is to think about corporate risks, it provides a terrific framework for climate risk analysis. BILL BUMPERS, William Bumpers, Head of Climate Change Practice for Baker Botts LLP Trexler and Kosloff have written an essential text for every business and investor struggling to understand the strategic and financial implications of climate change. While climate policy may remain uncertain, climate change and its consequences are all too real. Trexler and Kosloff provide practical suggestions for coming to grips with this new reality which institutions like ours have only just begun. ALAN MILLER, Principal Climate Change Specialist, International Finance Corporation Climate change, and policies to manage it, present a tremendous challenge of risk management for many businesses. Mark Trexler and Laura Kosloff offer an extremely insightful analysis of how to understand and manage corporate climate risk. DR SIMON DIETZ, Grantham Research Institute on Climate Change and the Environment, LSE

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Dr MARK C. TREXLER has 25 years of experience with business climate change risk management. Mark founded Trexler Climate + Energy Services in 1991. LAURA KOSLOFF has worked as an environmental attorney since 1985.

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