Building the business case for climate adaptation
'Economists count true costs of climate change' University of Bath PRESS RELEASE
In 2014/15 Daniel Black & Associates (db+a) and the Global Climate Adaptation Partnership (GCAP) jointly led a major feasibility study funded through the InnovateUK's Solving Business Problems with Environmental Data Competition, co-funded by the Natural Environment Research Council (NERC).
Our end user partner is Aster Group, who have 28,000 properties with an asset sale value of £3bn and 75,000 customers spread out over 6,000 sq m in the south of England.
The aim of the project was to develop and test a new service model that would enable businesses to determine robustly their unique exposure to extreme weather and a changing climate. The study ran from March 2014 to Feb 2015. Legal & General Property hosted our launch event at their London HQ in January 2015.
db+a brought the project concept and private sector-academic team together, led the bid and coordinated the project delivery. GCAP were Lead Partner and provided overarching technical coordination in climate change adaptation and climate risk management. The Universities of Bath and Manchester provided specialist technical services in economic valuation, and climate change and spatial data mapping, analysis and visualisation respectively.
CASE STUDY - SUMMARY REPORT
Above: slides and photos from first stakeholder workshop, June 2014,