Climate Change Risk in North American Markets
Daniel Scott, Professor and Research Chair (University of Waterloo)
Climate change is an evolving business reality in the ski industry, with recent trends toward shorter ski seasons and emerging climate risk disclosure requirements. Differential climate change risk for over 400 ski areas across regional markets of the United States and Canada will be examined for mid- and late-century scenarios (based on RCP and SSP low to high emission futures). Season length and other industry performance indicators (snowmaking requirements, holiday operations, system terrain/lift capacity, utilization) will be presented.
The results are also compared with previous studies that neglected snowmaking capacity and thereby substantially overestimated the climate risk of mid-century and low-emission scenarios.
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