Business Times

Climate change: how business can thrive with the right moves

By Natasha Gunaratne

Businesses are increasingly being made aware of the impact of climate change and the implications for businesses and economic development.

The organizers of the 24th Asia Pacific Chambers of Commerce and Industry Conference and the Sri Lanka Economic Summit, scheduled for July 2010 have dedicated a session on ‘Climate Change: Mitigating its Impact on Business and Economic Development’. A press release from the Ceylon Chamber of Commerce (CCC) stated that the session will recommend policy measures and stimulate actions that need to be taken by the private and public sectors to reduce the impact of climate change.

Climate change is expected to increase the intensity and frequency of natural disasters such as tropical storms and severe droughts and floods, increase sea level and coastal inundation and create higher frequency of forest fires and water supply problems. Climate change also stresses on crop production and aquaculture, damages the infrastructure and increases incidence of heat-related and infectious diseases.

The CCC said the session will examine how business can play a key role in the mitigation of climate change, through decisions to invest in researching and implementing new energy technologies and energy efficiency measures.

The panel of speakers at the session includes the Special Advisor and Director General for Environment Finance Engineering Department, JBIC, Takashi Hongo, former Chairman of Sri Lanka Tourism Renton De Alwis and Co-ordinator of the Regional Business and Biodiversity Programme of IUCN Asia Shiranee Yasaratne.

Also scheduled to speak is ADB Senior Advisor for Climate Change program, Regional and Sustainable Development Department Robert Dobias and President of the Federation of Bangladesh Chambers of Commerce and Industry Annisul Huq.

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