tailieunhanh - From Risk to Opportunity Insurer Responses to Climate Change 2008

Clearly, a straightforward implication of wages being determined by sectoral conditions would be that industry-level contracts offer little scope for adjustments of individual wages to firm-specific demand shocks, even if the latter are of permanent nature. However, as demonstrated in Section , industry-level contracts do not necessarily provide an obstacle to the adjustment of wages to local conditions, as recent decentralisation tendencies in Germany have introduced the option of making such wage adjustments. Given that full insurance is likely to induce substantial job loss if demand disturbances have a more permanent character, a natural expectation is that this potential should at least have been exploited to allow for. | From Risk to Opportunity Insurer Responses to Climate Change íttíL Evan Mills April 2009 A Ceres Report This annual report was commissioned by Ceres a national coalition of investors environmental groups and other public interest organizations working with companies to address sustainability challenges such as climate change. Ceres also directs the Investor Network on Climate Risk a group of 78 institutional investors from the . Europe and Canada who collectively manage over 7 trillion in assets. This project was sponsored by grants from Blue Moon Fund The Kresge Foundation The Pew Charitable Trusts Rockefeller Brothers Fund and Rockefeller Family Fund. The original compilation of case studies was performed by Lawrence Berkeley National Laboratory and sponsored by the . Department of Energy and the . Environmental Protection Agency. The views expressed in this report are the author s and do not necessarily reflect those of the sponsors. http About the Author Dr. Evan Mills is a Staff Scientist at the . Department of Energy s Lawrence Berkeley National Laboratory one of the world s leading research centers on energy and environment and research affiliate with the Energy and Resources Group at the University of California at Berkeley. Dr. Mills works in the areas of energy management and the impacts of climate change on economic systems particularly with respect to the insurance sector. He has published more than 200 technical articles and reports and has contributed to 10 books including the . Climate Change Science Program s forthcoming national assessment regarding climate change impacts. He served as co-leader of the Intergovernmental Panel on Climate Change IPCC Third Assessment Report s chapter on insurance under the auspices of the United Nations and contributed to the Fourth Assessment released in 2007. IPCC scientists shared the 2007 Nobel Peace Prize with former Vice President Albert Gore. Dr. Mills s insurance-related .