Assignment - Climate Part 1

DON’T FORGET TO PUT YOUR NAME HERE Assignment: Climate, Physical Risks Learning Objectives A. Students are familiar with current research findings related to changes in the climate Mitigation and adaptation, some context. In climate change parlance, “mitigation” and “adaptation” have specific meanings that differ from other contexts. NASA provides the following descriptions (URL: http://climate.nasa.gov/solutions/adaptation-mitigation/ ) - “Mitigation – reducing climate change – involves reducing the flow of heat-trapping greenhouse gases into the atmosphere” - “Adaptation – adapting to life in a changing climate – involves adjusting to actual or expected future climate” In the business community, you will hear professionals use the following terms when describing climate change - Physical risks – the adverse effects that a harsher climate (hotter temperatures, sea level rise, more severe storms, etc.) is having on business activities. - Transition risks – increasing pressures on businesses to reduce greenhouse gas emissions in their production practices. This pressure may emerge from new laws and regulations regarding emissions, potential litigation, brand erosion/reputational harm, and other sources. Intergovernmental Panel on Climate Change. “The Intergovernmental Panel on Climate Change (IPCC) is the international body for assessing the science related to climate change. The IPCC was set up in 1988 by the World Meteorological Organization (WMO) and United Nations Environment Programme (UNEP) to provide policymakers with regular assessments of the scientific basis of climate change, its impacts and future risks, and options for adaptation and mitigation….IPCC assessments are written by hundreds of leading scientists who volunteer their time and expertise as Coordinating Lead Authors and Lead Authors of the reports…IPCC reports undergo multiple rounds of drafting and review to ensure they are comprehensive and objective and produced in an open and transparent way. Thousands of other experts contribute to the reports by acting as reviewers, ensuring the reports reflect the full range of views in the scientific community.” From the IPCC (2013). URL: https://www.ipcc.ch/about/ 1. IPCC Summary for Policymakers. The IPCC develops a report called the “Summary for Policymakers” (SPM) that integrates and summarizes results from its more detailed working group reports ( https://www.ipcc.ch/report/ar6/wg1/downloads/report/IPCC_AR6_WGI_SPM.pdf ). The report begins with an introduction and then breaks down into subsections that list brief summaries of related findings. In 1-2 sentences each and using your own words, explain the key messages shown in bold blue letters for the subsections A.1, A.3, B.1, B.2, B.5 , and D.2 . 1