We’re doomed, now what?

Investment Rating - The report emphasizes the necessity for businesses to adapt to climate change as part of their future strategies, indicating a strong investment focus on adaptation technologies and solutions [10][30]. Core Insights - The report highlights that regardless of mitigation efforts, the world is likely to experience a +3°C increase in temperature by 2100, which will have significant impacts on various sectors [20][32]. - Businesses face four major challenges in adapting to climate change: sourcing critical materials, maintaining manufacturing productivity, protecting assets, and selling new products and services [20][48]. Summary by Sections 1. Considering an Adaptation Approach - Businesses must integrate adaptation into their strategies alongside mitigation efforts, recognizing that climate change impacts are already occurring [10][30]. - Adaptation is part of a broader sustainability agenda, which includes improving resource-use efficiency and resilience [10][35]. 2. The Challenges Ahead - The report identifies four generic business challenges related to adaptation: sourcing, manufacturing, protecting assets, and selling [48]. - Each challenge includes specific sub-challenges, such as water scarcity, declining crop production, and disrupted supply routes [50][51]. 3. Modeling Uncertain Outcomes - The report discusses the importance of understanding various geophysical and biological impacts of climate change, including extreme weather events and biodiversity loss [34][32]. - It outlines five plausible future projections based on critical human shaping factors, such as regulations and consumer behavior shifts [14][21]. 4. Responding with Technology - A total of 89 relevant technology families are identified, mapped across the four challenges, and ranked by maturity and impact [14][40]. - The report emphasizes that adaptation technologies are diverse and often localized, requiring tailored solutions [36][40]. 5. Taking Action - Companies are encouraged to focus on understanding climate risks, establishing governance, mobilizing funding, and developing local partnerships to enhance adaptation efforts [16][20]. - The report outlines key questions for businesses to consider in their adaptation strategies, including how to predict risks and how to finance adaptation initiatives [16][20].