David King, Daniel Schrag, Zhou Dadi, Qi Ye, Arunabha Ghosh
July 2015 |
Suggested Citation: King, David, Daniel Schrag, Zhou Dadi, Qi Ye, and Arunabha Ghosh. 2015. Climate Change: A Risk Assessment. London: UK Foreign & Commonwealth Office.
This report is an independent assessment of the risks of climate change, designed to support political leaders, businesses and financial markets in their decisions on the issue. It takes into consideration three areas: the future pathway of global emissions; the direct risks arising from the climate’s response to those emissions; and the risks arising from the interaction of climate change with complex human systems.
This first-of-its-kind multi-country assessment applies the principles of risk assessment used in finance and national security to better understand and communicate the risks of climate change.
Conducted by CEEW in collaboration with the UK Foreign and Commonwealth Office, the University of Cambridge, the Harvard University Center for the Environment, and Tsinghua University, the report highlights direct and systemic risks of increasing climate change in India and the world.
Launched simultaneously at the Bombay Stock Exchange and the London Stock Exchange, the report is the result of consultations with numerous experts from the fields of climate science, energy technology, water, food and agriculture, health, finance, accounting, insurance, and defence and national security (through meetings, workshops, wargaming, and scenario planning) held from November 2014 to April 2015.
Research shows that a 1m rise in sea level could increase the probability of ‘100-year flood events’ exponentially. (Source: iStock)
Source: IPCC AR5 WG2 Summary for Policymakers