Changing Colors: Adaptive Capacity

Changing Colors: Adaptive Capacity of Companies in the Context of the Transition to a Low Carbon Economy

This discussion paper, co-authored with CO-Firm with the support of Allianz Global Investors and Allianz Climate Solutions, develops a framework for understanding adaptive capacity of companies and the external and internal drivers that may contribute or detract from this capacity. It demonstrates how adaptive capacity is a zero-sum game and the challenges around anticipating the winners and losers of this game both in the short- and long-run.