Techno World Climate-Change-Consulting-Market | Page 2

development, risk mitigation and management, etc. Energy performance regulation such as
Energy Performance of Building Directive (EPBD) for sustainable buildings, energy certification
constraints, and renewable energy integration in smart cities projects is driving growth of this
segment. There are numerous policies across the globe to promote the development of
renewable energy projects. Climate change consulting companies offers assistance for the
technical evaluation of renewable energy policies.
According to International Renewable Energy Agency (IRENA), Asia accounted for highest growth
in renewable energy generation in 2017, accounting for 38% of renewable electricity generation.
This suggests growth in demand for renewable energy development consulting services in the
region.
North America held dominant position in the climate change consulting market in
2017
North America held dominant position in the market in 2017 and is expected to retain its
dominance throughout the forecast period. North America climate change consulting market
generated revenue of US$ 2,653.0 Mn in 2017. Significant climate changes have already been
observed in the U.S. These changes includes a rise in sea level, increase in air and water
temperatures, increased frequency and intensity of heavy downpours, reduced frost days, and
reduced snow cover, permafrost, glaciers, and sea ice. Climate change impacts are expected to
become more severe in North America. According to Coherent Market Insights’ analysis, in 2018,
Canada experienced the warmest year on record.
Climate change adaptation includes a wide range of activities such as farmers are switching to
growing a different crop variety better suited for warmer as well as drier conditions, companies
are relocating their key business centers away from coastal areas vulnerable to sea level rise and
hurricanes, and communities are altering its zoning and building codes to place fewer structures
in harm’s way and making buildings less vulnerable to damage from extreme weather events.
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Furthermore, extreme weather conditions disrupts manufacturing process and this reduces the
supply of resources, destroys the transportation routes, and communication channels. Therefore,
governments are taking initiatives to reduce effects due to these conditions. For instance, the
Government of Canada took practical steps towards climate change by delivering a low-carbon
economy that reduces greenhouse gas emissions (GHG) generated from transport,
manufacturing, and industrial operations. For instance, in 2012, Vancouver Council adopted the
Climate Change Adaptation Strategy to ensure a livable, vibrant, and resilient city in the face of
climate change.