Authors
Sebastian Mirasgedis, Elena Georgopoulou, Y Sarafidis, Katerina Papagiannaki, DP Lalas
Publication date
2014/5
Journal
Business Strategy and the Environment
Volume
23
Issue
4
Pages
272-288
Description
To date, the majority of the research literature on the impacts of climate change has addressed the negative aspect, i.e. the risks associated with a future permanent modification of climate. Potential opportunities have received much less attention and are rarely transformed into monetary values. Furthermore, manufacturing is one of the economic sectors where the influence of climate change remains practically unknown, although the economic performance of some industrial activities depends directly on climatic conditions – bottled water and non‐alcoholic beverages (i.e. soft drinks and fruit juices) are among these. This paper aims to explore the link between weather and product sales in these sectors, and estimate in quantitative terms the potential impact of future climate change on their revenues. Historic data were explored through statistical analysis and appropriate regression models were developed …
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