Long-Term Growth Forecast for Climate Change Adaptation Market

Share

News Release -- San Diego, Calif. -- The increase in weather-related disasters worldwide has helped galvanize attention on the need for climate change adaptation and risk mitigation. Long term, the climate change adaptation business will be in the tens of billions of dollars annually, including design and construction, and will most likely cross the $1 billion mark in project revenues in the next three to four years, according to Climate Change Business Journal's recent edition on Emerging Markets in Climate Change Adaptation.

Purchase CCBJ Vol. V, No. 06-07: Emerging Markets in Climate Change Adaptation (25,000+ words) for $150

Climate change adaptation work ranges from climate risk assessment and planning for infrastructure agencies such as water utilities, to major construction projects (e.g., desalination plants, levees and sea walls) designed to help communities and businesses adapt to the "new normal" of climate change.

"However, while design, engineering and construction of responses or preventive measures will eventually represent the bulk of the adaptation market for C&E firms, today it is skewed towards the front end, i.e., analysis, assessments, mapping and planning," observed CCBJ Senior Editor Jim Hight.

Climate Risk Analysis Business Small But Fast-Growing
A relatively new climate change consulting industry segment is emerging to help governments, businesses and institutions assess and model their risks from climate change. The climate risk analysis business, also known as climate services, is not large but growing rapidly; CCBJ estimates annual revenues in 2011 were between $30 mil¬lion and $40 million worldwide.

Specialized climate risk companies often collaborate with consulting & engineering firms to integrate climate risk assessments into major building projects and planning engagements. "These organizations don't perform basic meteorology or climate research per se, but draw on the existing global climate models and other climate and atmospheric data to perform more customized and user-defined research and analysis," noted Hight.

Adaptation Planning: Global Clientele Led By Water Utilities
Who are the clients for climate change adaptation? Despite the absence of significant progress toward the global mitigation and adaptation fund envisioned at Copen¬hagen in December 2009, there is still a significant amount of funding from de¬veloped countries and multilateral lending agencies like the Asian Develop¬ment Bank for climate risk assessment and adaptation planning in developing countries.

In North America, Australia and Europe the primary cli¬ent group paying for climate change assessment and adaptation services are water utilities, with the most likely projects being risk assessments in the context of asset management and long term planning. In particular there is a great deal of the emphasis on increasing diversity of wa¬ter supplies, including desalination and re-use of treated waste water.

"Companies with expertise in water security are on the front lines of addressing changing climate adaptation," said Hight. "Several leading consultancies have cut their teeth in Australia and other countries where governments have been forced to come to terms with chronic water scarcity. And now they're bringing that expertise to Texas and parts of the United States hit hard by drought and extreme heat."

Public agencies that operate drain¬age, sewerage and wastewater treatment systems are also increasingly considering climate change in their plans.

Meanwhile, in the private sector, business is slower to take off. However, vulnerable industries like mining; food and beverage manufacturers, wholesalers and retailers; and hydropower generators are slowly integrating climate change into their long-range planning, CCBJ found.

Inside this edition
CCBJ’s edition on Emerging Markets in Climate Change Adaptation reviews the activities of C&E firms and specialist companies on the front lines of climate change adaptation, including Acclimatise, AECOM, AER, Atkins NA, Black & Veatch, CH2M HILL, Climate Risk, GHD, Golder Associates, HDR, MWH Global, RAND, Stantec and Stratus Consulting.

Also featured: Insurance industry initiatives; water management in the American West; and climate geoengineering.

Purchase CCBJ Vol. V, No. 06-07: Emerging Markets in Climate Change Adaptation (25,000+ words) for $150

For comment and access to research, contact:
Grant Ferrier, President, EBI Inc.
619-295-7685 ext 15
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
About CCBJ | About EBI | More News Releases

 
Market Report on Climate Change Adaptation Reveals New Business Opportunities - July 2014
News Release -- San Diego, Calif. -- Weather-related disasters worldwide have helped galvanize attention on the need to prepare for the impact of changing weather patterns on our communities, businesses and natural resources. This presents significant opportunities for companies positioned to help clients prepare for, adapt to and even gain competitive advantage from the consequences of climate change.
Read more...
U.S. Market for Natural Resource Management Grows to $2.5 Billion - July 2014
News Release -- San Diego, Calif. -- The U.S. market for natural resource management (NRM) services grew to $2.5 billion in 2013, up 4.6% compared to 2012 and around 8.4% of total U.S. environmental consulting & engineering industry revenues of $30 billion, according to newly published research and analysis by Environmental Business Journal.
Read more...
EBJ’s Annual Outlook Forecasts Faster Growth this Year for Environmental Firms - June 2014
News Release -- San Diego, Calif. -- Following disappointing growth of around 3.5% in 2013, the outlook for the environmental industry is expected to improve in 2014 and 2015, paced by energy development, pipeline development, and a pick-up in construction, according to Environmental Business Journal’s Environmental Industry Outlook and Snapshot Survey 2014.
Read more...
Image
Nuclear Energy Remains Vital to Urban Energy Reliability, amid "Pivot to Asia" - May 2014
News Release -- San Diego, Calif. -- Policy and Market Factors Shaping National Nuclear Strategies: Part II of "Redefining Leadership in Global Nuclear Energy Markets".
Read more...
U.S. Environmental C&E Industry Reaches $28.8 Billion in Revenues - December 2013
News Release -- San Diego, Calif. -- The U.S. environmental consulting & engineering (C&E) industry grew 4% in 2012, generating total revenues of $28.8 billion, according to Environmental Business Journal's (EBJ) annual review of this keystone environmental business segment. Current EBJ estimates are that 2013 will finish with growth just under 4% and total $29.9 billion.
Read more...