Climate change : raising country risk, buto ffering business opportunities as well

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      <subfield code="a">Climate change</subfield>
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      <subfield code="a">Climate change has a negative impact on economies worldwide, public finances of the countries affected and international trade. The financial and economic consequences of climate change thus raise the country risk related to export transactions and international contracting. Changing rainfall patterns, sea level rise and natural disasters mainly affect countries in Africa, the Caribbean and the Asia-Pacific region. This has a negative impact on country risk, especially if a high vulnerability to climate change is accompanied by a poor readiness to respond to the consequences of it. Climate change also brings opportunities. Internationally operating companies develop new technologies and build new infrastructure that are used for the climate adaptation initiatives of the countries that have been affected. In this way they are able to make a positive contribution in the battle against climate change.</subfield>
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