Article at a glance:

Business strategies for climate change

• Climate change has become a business reality, and executives should get ready for a major shift in the economy. The value at stake is huge.
• Some companies will be winners and others losers in the gradual transition to a global low-carbon economy—a transition driven by regulation and structurally higher energy prices.
• A drive to reduce greenhouse gas emissions in existing infrastructure and products, coupled with the emergence of new low-carbon business models and value chains, will provide many opportunities for business.
• Companies should act aggressively where the benefits are clear, plant seeds for future expansion in highly uncertain areas, and try to shape the regulatory landscape.