Home Technology Climate Change Consulting Market Outlook, Impact Analysis, Risk Management Framework, Role of Key Multi-Government Entities Till 2026
Climate Change Consulting Market Outlook, Impact Analysis, Risk Management Framework, Role of Key Multi-Government Entities Till 2026

Climate Change Consulting Market Outlook, Impact Analysis, Risk Management Framework, Role of Key Multi-Government Entities Till 2026

Climate change consulting market generated revenue of US$ 5.3 billion in 2017. By 2026, the climate change consulting market is expected to be valued at US$ 8.0 billion with a CAGR of 4.8% over the forecast period. Major players operating in the global climate change consulting industry include ICF International, Inc., McKinsey & Company, Inc., PricewaterhouseCoopers LLP (PwC), ERM Group, Inc., KPMG International, Coastal Risk Consulting, LLC, CH2M HILL Companies, Ltd. (Jacobs Engineering Group), Deloitte LLP, and Ramboll Environ, Inc.

According to International Renewable Energy Agency (IRENA), Asia accounted for highest growth in renewable energy generation in 2017, accounting for 38% of renewable electricity generation. This suggests growth in demand for renewable energy development consulting services in the region.

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“The Risk Management Framework”
-Establish the Context
-Identify the Risk
-Analysis of the Risk
-Prevention of the Risk/Remediation of the Risk
-Communication and Consult
-Monitoring and Review

"Role of Key Multi-Government Entities"

- The North Atlantic Treaty Organization
Overview
Involvement in Climate Change
Key Strategies/Policies Implemented or Authorized
Investments in the Remediation for Climate Control

-European Union
Overview
Involvement in Climate Change
Key Strategies/Policies Implemented or Authorized
Investments in the Remediation for Climate Control

-United Nations
Overview
Involvement in Climate Change
Key Strategies/Policies Implemented or Authorized
Investments in the Remediation for Climate Control

-World Bank Group
Overview
Involvement in Climate Change
Key Strategies/Policies Implemented or Authorized
Investments in the Remediation for Climate Control

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North America held dominant position in the global climate change consulting market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. accounted for the largest share in terms of revenue in the region, owing to supportive government legislations in most of the states in the country and initiatives taken by large-scale organizations in response to tackle climate change risks.

Climate change adaptation includes a wide range of activities such as farmers are switching to growing a different crop variety better suited for warmer as well as drier conditions, companies are relocating their key business centers away from coastal areas vulnerable to sea level rise and hurricanes, and communities are altering its zoning and building codes to place fewer structures in harm’s way and making buildings less vulnerable to damage from extreme weather events.

Furthermore, extreme weather conditions disrupts manufacturing process and this reduces the supply of resources, destroys the transportation routes, and communication channels. Therefore, governments are taking initiatives to reduce effects due to these conditions. For instance, the Government of Canada took practical steps towards climate change by delivering a low-carbon economy that reduces greenhouse gas emissions (GHG) generated from transport, manufacturing, and industrial operations. For instance, in 2012, Vancouver Council adopted the Climate Change Adaptation Strategy to ensure a livable, vibrant, and resilient city in the face of climate change.


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Mohit Joshi
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