Introduction
For businesses all over the world, climate change holds the prospect of both risks and opportunities that must be understood and managed. The business risks associated with climate change stem from four sources: public concerns, government action, market and technological innovations, and climate change itself.
Public concern about climate change may affect consumer and market preferences that may favour clean and green products. Governmental action may result in regulatory risk for certain companies arising from a change in policy and regulation. Technological innovations may create new business leaders and put old businesses in a competitive disadvantageous position.
Questions to be Addressed during the Programme
The focus of this programme will be to examine the links between climate change and the firm from the perspectives of business. The basic questions are:
- How do we trade off the near-term costs of cutting GHG emissions versus the (uncertain) benefits of disasters averted decades from now?
- If governments want that the businesses reduce emissions, what is the optimal response – carbon taxes or cap-and-trade?
- What are the investment needs at the macroeconomic level to mitigate and adapt to the predicted effects of climate change, and where should such investments occur?
- What is the likely cost of such initiatives on economic growth in the long run?
- If the private sector is expected to play a major role, what are the institutional and market mechanisms that will need to be supported in order to make it happen?
At the company level, the basic questions arise on two broad fronts: One, whether and how climate change is linked to the market value, and two, the financial implications of how climate change affects the implementation of strategies to grow (and create value from) their business.
Programme Content
- Climate Change and Corporations (why should the CFO/CEO/Board of a publicly traded corporation care about climate change?)
- The Science of Climate Change
- Climate Change: Economics (costs of action and inaction)
- Climate Change: Managing a Response to Climate Change in the Present Global Economic Scenario
- Climate Change: Implications for Firm Strategy (energy in value chain, carbon footprint, carbon productivity, capital budgeting, R&D, M&A, new products, supply chain, etc.)
- Climate Change: Financial Implications (risk and value creation opportunities, relationship between energy use/CO2e and cash flows and cost of capital, emerging standards and disclosures, etc.)
- Climate Change: Financial Implication (e.g., carbon trading and CDM) – I
- Climate Change: Financial Implication (e.g., carbon trading and CDM) – II
- Climate Change: Financial Implications (new financial instruments such as weather derivatives, insurances, etc.)
- Private Equity/Venture Capital in Renewable Energy
Who Should Attend?
The programme is designed for senior and mid-level executives dealing with energy and environmental issues in corporate houses, consultants and financial institutions.
Number of Participants
The programme has a total of 30 seats, and participation will be accepted on first-come-first-served basis.
Participation Fee
The fee for this non-residential programme is Rs. 15,000 for Indian nationals and US$ 500 for foreign nationals. It includes lecture notes, programme material, lunches and tea/coffee during the programme.
The fee is to be paid by a bank draft drawn in favour of the ‘Registrar, TERI University’ payable at New Delhi. The participants are requested to confirm their participation in writing by fax/letter/e-mail to TERI University, along with the participation fees. Participation once confirmed can neither be cancelled nor be transferred.
About TERI University
TERI University, an outcome of TERI’s (The Energy and Resources Institute) research experience and skill gained over the last three decades, was recognized as a deemed university by the University Grant Commission in 1999.
TERI University’s academic programmes centre around four basic themes: natural resource management, biotechnology, policy and regulation, and energy and environment. Having begun with doctoral programmes in 2001, it has gone on to offer various masters degree programmes since 2003. TERI University offers M.Sc. degrees in Economics (with specialization in Environmental and Resource Economics), Climate Science and Policy, Environmental Studies, Natural Resource Management, Water Resource Management, and Geoinformatics, MBA degrees in Infrastructure, and Business Sustainability, MA in Public Policy & Sustainable Development, and in Sustainable Development Practices in addition to several other programmes.
Contact Details
Dr. Surender Kumar (Professor and Head),
Department of Policy Studies,
TERI University,
10, Institutional Area, Vasant Kunj,
New Delhi – 110 070
Telephone: +91-11-26122222
Fax: +91-11-26122874
E-mail: skumar@teri.res.in
Website: www.teriuniversity.ac.in
URL: http://www.teriuniversity.ac.in/media/business_and_climate_change.pdf
