IDEAS home Printed from https://ideas.repec.org/a/bla/inecol/v24y2020i2p285-290.html

Industrial ecology, climate adaptation, and financial risk

Author

Listed:
  • Timo Busch

Abstract

Climate adaptation has become an important topic for risk management in companies. This article investigates the usefulness of Industrial Ecology tools and concepts in this context. The conclusion is that the established tools and concepts were not designed with the purpose of assisting managers in the climate adaptation and related financial risk context. Nevertheless, the tools and concepts offer plenty of aspects and features that are helpful for the assessment and management of climate risks. The tools primarily provide guidance for the managerial decision‐making process, notably in terms of data handling. The concepts can be used as a starting point for developing new climate risk management frameworks.

Suggested Citation

  • Timo Busch, 2020. "Industrial ecology, climate adaptation, and financial risk," Journal of Industrial Ecology, Yale University, vol. 24(2), pages 285-290, April.
    • Handle: RePEc:bla:inecol:v:24:y:2020:i:2:p:285-290
    DOI: 10.1111/jiec.12938
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jiec.12938
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jiec.12938?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Karl Mathiesen, 2018. "Rating climate risks to credit worthiness," Nature Climate Change, Nature, vol. 8(6), pages 454-456, June.
    2. Daniel C. Esty & Michael E. Porter, 1998. "Industrial Ecology and Competitiveness: Strategic Implications for the Firm," Journal of Industrial Ecology, Yale University, vol. 2(1), pages 35-43, January.
    3. Monika Winn & Manfred Kirchgeorg & Andrew Griffiths & Martina K. Linnenluecke & Elmar Günther, 2011. "Impacts from climate change on organizations: a conceptual foundation," Business Strategy and the Environment, Wiley Blackwell, vol. 20(3), pages 157-173, March.
    4. Wackernagel, Mathis & Rees, William E., 1997. "Perceptual and structural barriers to investing in natural capital: Economics from an ecological footprint perspective," Ecological Economics, Elsevier, vol. 20(1), pages 3-24, January.
    5. Iñaki Arto, 2009. "Using Total Material Requirement to Reduce the Global Environmental Burden," Journal of Industrial Ecology, Yale University, vol. 13(5), pages 775-790, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marc Ringel & Saranda Mjekic, 2023. "Analyzing the Role of Banks in Providing Green Finance for Retail Customers: The Case of Germany," Sustainability, MDPI, vol. 15(11), pages 1-24, May.
    2. Jiaji An & He Di, 2024. "How Can Financial Innovation Curb Carbon Emissions in China? Exploring the Mediating Role of Industrial Structure Upgrading from a Spatial Perspective," Sustainability, MDPI, vol. 16(11), pages 1-20, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhu, Zhaohui & Tan, Yafei, 2022. "Can green industrial policy promote green innovation in heavily polluting enterprises? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 59-75.
    2. Costantini, Valeria & Mazzanti, Massimiliano, 2012. "On the green and innovative side of trade competitiveness? The impact of environmental policies and innovation on EU exports," Research Policy, Elsevier, vol. 41(1), pages 132-153.
    3. Natalie Slawinski & Jonatan Pinkse & Timo Busch & Subhabrata Bobby Banerjeed, 2014. "The role of short-termism and uncertainty in organizational inaction on climate change: multilevel framework," Working Papers hal-00961226, HAL.
    4. van den Bergh, Jeroen C. J. M. & Verbruggen, Harmen, 1999. "Spatial sustainability, trade and indicators: an evaluation of the 'ecological footprint'," Ecological Economics, Elsevier, vol. 29(1), pages 61-72, April.
    5. Rodrigues, João & Domingos, Tiago & Conceição, Pedro & Belbute, José, 2005. "Constraints on dematerialisation and allocation of natural capital along a sustainable growth path," Ecological Economics, Elsevier, vol. 54(4), pages 382-396, September.
    6. Antonis Skouloudis & Thomas Tsalis & Ioannis Nikolaou & Konstantinos Evangelinos & Walter Leal Filho, 2020. "Small & Medium-Sized Enterprises, Organizational Resilience Capacity and Flash Floods: Insights from a Literature Review," Sustainability, MDPI, vol. 12(18), pages 1-17, September.
    7. Hueting, Roefie & Reijnders, Lucas, 2004. "Broad sustainability contra sustainability: the proper construction of sustainability indicators," Ecological Economics, Elsevier, vol. 50(3-4), pages 249-260, October.
    8. Goodell, John W. & Gurdgiev, Constantin & Karim, Sitara & Palma, Alessia, 2024. "Carbon emissions and liquidity management," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    9. Martina Linnenluecke & Andrew Griffiths & Peter Mumby, 2015. "Executives’ engagement with climate science and perceived need for business adaptation to climate change," Climatic Change, Springer, vol. 131(2), pages 321-333, July.
    10. Alcott, Blake, 2008. "The sufficiency strategy: Would rich-world frugality lower environmental impact," Ecological Economics, Elsevier, vol. 64(4), pages 770-786, February.
    11. Chen, B. & Chen, G.Q., 2007. "Modified ecological footprint accounting and analysis based on embodied exergy--a case study of the Chinese society 1981-2001," Ecological Economics, Elsevier, vol. 61(2-3), pages 355-376, March.
    12. Karen Turner, 2006. "Additional precision provided by region-specific data: The identification of fuel-use and pollution-generation coefficients in the Jersey economy," Regional Studies, Taylor & Francis Journals, vol. 40(4), pages 347-364.
    13. Stefan Ambec & Mark A. Cohen & Stewart Elgie & Paul Lanoie, 2013. "The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 2-22, January.
    14. Laura M. Canevari‐Luzardo & Frans Berkhout & Mark Pelling, 2020. "A relational view of climate adaptation in the private sector: How do value chain interactions shape business perceptions of climate risk and adaptive behaviours?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 432-444, February.
    15. Malayaranjan Sahoo & Narayan Sethi, 2022. "The dynamic impact of urbanization, structural transformation, and technological innovation on ecological footprint and PM2.5: evidence from newly industrialized countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(3), pages 4244-4277, March.
    16. Alexei Perez Velazquez & Jorge Laurence Moya Rodriguez, 2026. "Using DEMATEL to Draw a Sustainable Performance Model in the Ricinus Communis L. Production System, Bahia - Brazil," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 19(1), pages 1-44, January.
    17. Kühn, Katharina Isabella, 2021. "Is Visiting the ESB Website Deteriorating the Air Quality of our Countries? A Statistical Analysis of the Relationship Between Air Pollution Levels and Information & Communication Technologies," Junior Management Science (JUMS), Junior Management Science e. V., vol. 6(4), pages 839-851.
    18. Jacob Hörisch & Isabell Wulfsberg & Stefan Schaltegger, 2020. "The influence of feedback and awareness of consequences on the development of corporate sustainability action over time," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 638-650, February.
    19. Arup Roy & Ranjan DasGupta, 2024. "Economic Development, Energy Consumption, and Environmental Deterioration: A Non-Linear Evidence from India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 22(3), pages 721-747, September.
    20. Martin C. Whitby & W. Neil Adger, 1997. "Natural And Reproducible Capital And The Sustainability Of Land Use In The Uk: A Reply," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 454-458, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:inecol:v:24:y:2020:i:2:p:285-290. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1088-1980 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.