Which are the two main climate risk sub types?
There is broad consensus within literature that climate risk drivers can be grouped into one of two categories: Physical risks, which arise from the changes in weather and climate that impact the economy; and • Transition risks, which arise from the transition to a low-carbon economy.
What do the IPCC recommend limiting global warming to?
Limiting warming to 1.5°C implies reaching net zero CO2 emissions globally around 2050 and concurrent deep reductions in emissions of non-CO2 forcers, particularly methane (high confidence).
What is climate change according to IPCC?
Climate change in IPCC usage refers to a change in the state of the climate that can be identified (e.g. using statistical tests) by changes in the mean and/or the variability of its properties, and that persists for an extended period, typically decades or longer.
What are the 6 categories of risk into which the effects of climate change can be grouped into?
The effects of climate change on companies can be grouped into six categories of risks: regulatory, supply chain, product and technology, litigation, reputational, and physical.
Which all risks are types of climate risks?
Physical climate risks are either acute or chronic. Acute risks include droughts, floods, extreme precipitation and wildfires. Chronic risks include rising temperatures, the expansion of tropical pests and diseases into temperate zones, and an accelerating loss of biodiversity.
What are the 6 categories of risks into which the effects of climate change can be grouped into?
What are the 3 working groups of the IPCC?
The IPCC is divided into three Working Groups and a Task Force. Working Group I deals with The Physical Science Basis of Climate Change, Working Group II with Climate Change Impacts, Adaptation and Vulnerability and Working Group III with Mitigation of Climate Change.
What is 2 degree climate change?
Two degrees of warming would bring around 29 additional days of extreme heat, with warm spells enduring for 35 extra days. At 1.5 degrees, 14% of the global population would be exposed to at least one severe heat wave every five years. That rate jumps to 37% if the planet reaches 2 degrees of warming.