1、 8PRISM:SIMULATING STRATEGY THE REAL POTENTIAL OF THE INDUSTRIAL METAVERSEADAPTING TO AN UNCERTAIN FUTURE HOW TO DEVELOP A CLIMATE CHANGE ADAPTATION STRATEGY PRISM:ADAPTING TO AN UNCERTAIN FUTURE HOW TO DEVELOP A CLIMATE CHANGE ADAPTATION STRATEGY ARTHUR D.LITTLE9Mitigation gets most of the big head

2、lines in the global discourse on the changing climate.However,no matter how successful or not the world is at mitigating global warming,many of the impacts of climate change are already underway and will greatly affect our future.As well as efforts to reduce emissions and achieve net zero targets,bu

3、sinesses have an unavoidable need to adapt to climate change.Adaptation forms part of a broader set of sustainability goals,along with mitigation of climate impacts and improvement of resilience.Indeed,these concepts have many overlaps.For example,reducing water usage in a manufacturing process is a

4、n adaptation measure that also mitigates impacts.Protecting assets against severe weather events is an aspect of both adaptation and resilience.Businesses need to consider all three being good at adaptation doesnt mean you can deprioritize mitigation,and vice versa.And theres more to adaptation than

5、 just becoming more resilient.However,developing a strategy to help focus investment and development efforts for adaptation is particularly difficult.The technologies needed are,for the most part,specific,numerous,and fragmented.Adaptation solutions are diverse across different industries and often

6、strongly driven by local circumstances,making scalability hard to achieve.At the same time,funding for adaptation tech remains low less than 10%of all climate technology funding is estimated to have gone to adaptation in 20202021.AUTHORSDr.Albert Meige,Zoe Huczok,Rick Eagar9AS WELL AS EFFORTS TO RED