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Climate Risk
Climate risk refers to risk assessments based on formal analysis of the consequences, likelihoods and responses to the impacts of climate change and how societal constraints shape adaptation options. Common approaches to risk assessment and risk management strategies based on natural hazards have been applied to climate change impacts although there are distinct differences. Based on a climate system that is no longer staying within a stationary range of extremes, climate change impacts are anticipated to increase for the coming decades despite mitigation efforts. Ongoing changes in the climate system complicates assessing risks. Applying current knowledge to understand climate risk is further complicated due to substantial differences in regional climate projections, expanding numbers of climate model results, and the need to select a useful set of future climate scenarios in their assessments. One of primary roles of the Intergovernmental Panel on Climate Change (IPCC), which w ...
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Climate Change
In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to Earth's climate. The current rise in global average temperature is more rapid than previous changes, and is primarily caused by humans burning fossil fuels. Fossil fuel use, deforestation, and some agricultural and industrial practices increase greenhouse gases, notably carbon dioxide and methane. Greenhouse gases absorb some of the heat that the Earth radiates after it warms from sunlight. Larger amounts of these gases trap more heat in Earth's lower atmosphere, causing global warming. Due to climate change, deserts are expanding, while heat waves and wildfires are becoming more common. Increased warming in the Arctic has contributed to melting permafrost, glacial retreat and sea ice loss. Higher temperatures are also causing m ...
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Effects Of Climate Change On Agriculture
The effects of climate change on agriculture can result in lower crop yields and nutritional quality due to drought, heat waves and flooding as well as increases in pests and plant diseases. The effects are unevenly distributed across the world and are caused by changes in temperature, precipitation and atmospheric carbon dioxide levels due to global climate change. In 2019, millions were already suffering from food insecurity due to climate change. Further, the predicted decline in global crop production is 2% - 6% with each decade. In 2019 it was predicted that food prices would rise by 80% by 2050. This will likely lead to increased food insecurity, disproportionally affecting poorer communities. A 2021 study estimated that the severity of heatwave and drought impacts on crop production tripled over the last 50 years in Europe – from losses of 2.2% during 1964–1990 to losses of 7.3% in 1991–2015. Available under CC BY 4.0. Direct impacts from changing weather patt ...
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Effects Of Climate Change
The effects of climate change impact the physical environment, ecosystems and human societies. The environmental effects of climate change are broad and far-reaching. They affect the water cycle, oceans, sea and land ice (glaciers), sea level, as well as weather and climate extreme events. The changes in climate are not uniform across the Earth. In particular, most land areas have warmed faster than most ocean areas, and the Arctic is warming faster than most other regions. The regional changes vary: at high latitudes it is the average temperature that is increasing, while for the oceans and tropics it is in particular the rainfall and the water cycle where changes are observed. The magnitude of future impacts of climate change can be reduced by climate change mitigation and adaptation. Climate change has degraded land by raising temperatures, drying soils and increasing wildfire risk. Recent warming has strongly affected natural biological systems. Species worldwide are mig ...
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Reputational Risk
Reputational damage is the loss to financial capital, social capital and/or market share resulting from damage to a firm's reputation. This is often measured in lost revenue, increased operating, capital or regulatory costs, or destruction of shareholder value. Ethics violations, safety issues, security issues, a lack of sustainability, poor quality, and lack of or unethical innovation can all cause reputational damage if they become known. Reputational damage can result from an adverse or potentially criminal event, regardless of whether the company is directly responsible for said event, (as was the case of the Chicago Tylenol murders in 1982). Extreme cases may lead to large financial losses or bankruptcy, as per the case of Arthur Andersen. Reputation is recorded as an intangible asset in a company's financial records. Hence, damage to a firm's reputation has financial repercussions. Minor issues can be amplified by external social processes which lead to even more sev ...
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Cooling Water
Cooling tower and water discharge of a nuclear power plant Water cooling is a method of heat removal from components and industrial equipment. Evaporative cooling using water is often more efficient than air cooling. Water is inexpensive and non-toxic; however, it can contain impurities and cause corrosion. Water cooling is commonly used for cooling automobile internal combustion engines and power stations. Water coolers utilising convective heat transfer are used inside high-end personal computers to lower the temperature of CPUs. Other uses include the cooling of lubricant oil in pumps; for cooling purposes in heat exchangers; for cooling buildings in HVAC and in chillers. Mechanism Advantages Water is inexpensive, non-toxic, and available over most of the earth's surface. Liquid cooling offers higher thermal conductivity than air cooling. Water has unusually high specific heat capacity among commonly available liquids at room temperature and atmospheric pressure allowing ...
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Water Scarcity
Water scarcity (closely related to water stress or water crisis) is the lack of fresh water Water resources, resources to meet the standard water demand. There are two types of water scarcity: physical or economic water scarcity. Physical water scarcity is where there is not enough water to meet all demands, including that needed for ecosystems to function effectively. Desert climate, Arid areas for example Central and West Asia, and North Africa often suffer from physical water scarcity. On the other hand, economic water scarcity is caused by a lack of investment in infrastructure or technology to draw water from rivers, aquifers, or other water sources, or insufficient human capacity to satisfy the demand for water. Much of Sub-Saharan Africa has economic water scarcity. The essence of global water scarcity is the geographic and temporal mismatch between fresh water demand and availability. At the global level and on an annual basis, enough freshwater is available to meet such ...
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Heatwave
A heat wave, or heatwave, is a period of excessively hot weather, which may be accompanied by high humidity, especially in oceanic climate countries. While definitions vary, a heat wave is usually measured relative to the usual climate in the area and relative to normal temperatures for the season. Temperatures that people from a hotter climate consider normal can be called a heat wave in a cooler area if they are outside the normal climate pattern for that area. The term is applied both to hot weather variations and to extraordinary spells of hot weather which may occur only once a century. Severe heat waves have caused catastrophic crop failures, thousands of deaths from hyperthermia, increased risk of wildfires in areas with drought, and widespread power outages due to increased use of air conditioning. A heat wave is considered extreme weather, and poses danger to human health because heat and sunlight overwhelm the human body's cooling system. Heat waves can usually be ...
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Hurricane
A tropical cyclone is a rapidly rotating storm system characterized by a low-pressure center, a closed low-level atmospheric circulation, strong winds, and a spiral arrangement of thunderstorms that produce heavy rain and squalls. Depending on its location and strength, a tropical cyclone is referred to by different names, including hurricane (), typhoon (), tropical storm, cyclonic storm, tropical depression, or simply cyclone. A hurricane is a strong tropical cyclone that occurs in the Atlantic Ocean or northeastern Pacific Ocean, and a typhoon occurs in the northwestern Pacific Ocean. In the Indian Ocean, South Pacific, or (rarely) South Atlantic, comparable storms are referred to simply as "tropical cyclones", and such storms in the Indian Ocean can also be called "severe cyclonic storms". "Tropical" refers to the geographical origin of these systems, which form almost exclusively over tropical seas. "Cyclone" refers to their winds moving in a circle, whirling round ...
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London School Of Economics
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council '' ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , co ...
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Greenhouse Gas
A greenhouse gas (GHG or GhG) is a gas that Absorption (electromagnetic radiation), absorbs and Emission (electromagnetic radiation), emits radiant energy within the thermal infrared range, causing the greenhouse effect. The primary greenhouse gases in Atmosphere of Earth, Earth's atmosphere are water vapor (), carbon dioxide (), methane (), nitrous oxide (), and ozone (). Without greenhouse gases, the average temperature of Earth#Surface, Earth's surface would be about , rather than the present average of . The atmospheres of atmosphere of Venus, Venus, atmosphere of Mars, Mars and atmosphere of Titan, Titan also contain greenhouse gases. Human activities since the beginning of the Industrial Revolution (around 1750) have increased the Carbon dioxide in Earth's atmosphere, atmospheric concentration of carbon dioxide by over 50%, from 280 parts per million, ppm in 1750 to 421 ppm in 2022. The last time the atmospheric concentration of carbon dioxide was this high was over 3&nbs ...
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Tobacco Industry
The tobacco industry comprises those persons and companies who are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry; tobacco can grow in any warm, moist environment, which means it can be farmed on all continents except Antarctica. According to the WHO Framework Convention on Tobacco Control, the "tobacco industry" encompasses tobacco manufacturers, wholesale distributors and importers of tobacco products. This evidence-based treaty expects its 181 ratified member states to implement public health policies with respect to tobacco control "to protect present and future generations from the devastating health, social, environmental and economic consequences of tobacco consumption and exposure to tobacco smoke." Tobacco, one of the most widely used addictive substances in the world, is a plant native to the Americas and historically one of the most important crops grown by Ameri ...
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Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy t ...
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