By Sarah Reed, Urban Program Advisor, ISET-International and Thanh Ngo, ISET-Vietnam.
PANEL DISCUSSION “GETTING AHEAD OF CLIMATE CHANGE: BUSINESS RISKS, REGULATIONS, AND OPPORTUNITIES” WITH EXPERIENCE FROM INTERNATIONAL AND NATIONAL EXPERT.
Hanoi 20 September 2013 – Institute for Social and Environmental Transition-Vietnam (ISET-Vietnam) and the Vietnam Urban Climate Resilience Community of Practice will host a panel entitled “Getting Ahead of Climate Change: Risks, Regulations, and Opportunities” as part of the Vietnam Green Biz 2013 conference
“Global supply chains and business investments have been and will be further threatened by climate change in the future, especially in a country like Vietnam that is extremely vulnerable to climate change.” said Dr. Michael DiGregorio, senior consultant to ISET-Vietnam and one of the panel speakers.
Thailand experienced devastating floods in 2011 that resulted in major disruption in international supply chains when floodwater inundated low-lying industrial areas. Like Thailand, Vietnam is expanding and putting major investments in high risk flood plains, while standards for infrastructure design and urban planning are based on historical experience that does not reflect the changing climate.
Future regulations may also demand new climate risk compliance from the business community. Under these circumstances, risk management will need to be accepted as a normal part of land use planning through setbacks, set asides, and design standards for particularly vulnerable areas, according to Dr. DiGregorio.