Statement on the Review of Climate-Related Disclosure. Climate change is an issue I care passionately about and have dedicated a significant portion of my life to addressing. The Climate Science Special Report is Volume I of the Fourth National Climate Assessment.. Report development was overseen by the Subcommittee on Global Change Research (SGCR) through a Federal Science Steering Committee (SSC), made up of representatives from USGCRP agencies and appointed by the SGCR. Without adaptation, local temperature increases of 2C are expected to reduce yields further. At the same time we have the skill, knowledge and resources to prepare, and hopefully to slow the rate of change. IMPACT OF CLIMATE CHANGE IN SINGAPORE. The Commission in 2010 provided guidance to public companies regarding existing disclosure requirements as they apply to climate change matters. Companies participating in the global EP 100 initiative pledge to double their energy productivity (dollar of output per unit of energy), which has the potential to save more than $2 trillion globally by 2030.. Today, I am directing the Division of Corporation Finance to enhance its focus on climate-related disclosure in public company filings. Air, Climate and Energy (ACE) Centers: Science Supporting Solutions; Particulate Matter and Related Pollutants in a Changing World; Closed Grants. The person filling this role will: Help ensure CSR has the right strategy, programs, and people to drive progress in addressing a range of threats to security posed by climate change and ecological The Council on Strategic Risks (CSR) seeks to hire a Deputy Director for the Center for Climate and Security.This is an exciting growth opportunity for the right candidate. The new NIH Climate Change and Health Initiative is an urgent, cross-cutting NIH effort to reduce health threats from climate change across the lifespan and build health resilience in individuals, communities, and nations around the world, especially among those at highest risk. Supporting communities and ensuring job opportunities and economic growth during the transition from coal to clean energy. Funding Opportunities. Since 2007, UNEP FI has offered an Online Course on Climate Change: Risks and Opportunities for the Finance Sector. And, even if you think climate risk has minimal financial statement impact for your company today, this may change quickly as a result of regulation, strategic decisions or shifts in climate patterns 2012; Ximenes et al. It also creates opportunities for entities focused on climate-change mitigation and adaptation. The Intergovernmental Panel on Climate Change (IPCC) report 2018 highlighted the grave consequences of a temperature rise above 1.5C, especially for Africa. Climate change presents a major challenge to Africas achievement of the Sustainable Development Goals. The lengthening seasons are reducing opportunities for fuel reduction burning (Matthews et al. National Priorities: Systems-Based Strategies to Improve the Nations Ability to Plan and Respond to Water Scarcity and Drought Due to Climate Change; Indoor Air and Climate Change Global warming and climate change. Climate Resilience. A longer-term, strategic perspective on the risks and opportunities of climate change is rarely undertaken. The following steps may help companies to get to grips with climate change: understand the risks climate change presents to the business, and the opportunities that may lie in becoming part of the solution A sold out climate and business conference in Auckland has heard fears for the future expressed alongside optimism for business opportunities. The assessment of impacts, adaptation, and vulnerability in the Working Group II contribution to the IPCCs Fifth Assessment Report (WGII AR5) evaluates how patterns of risks and potential benefits are shifting due to climate change since 2007 when the The Climate Change Division. Funding and Career Opportunities. The Climate Change Research Centre, at the University of New South Wales is doing work on the impacts of climate change on the people in the Torres Strait. The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental treaty to combat "dangerous human interference with the climate system", in part by stabilizing greenhouse gas concentrations in the atmosphere. As the understanding among financial institutions of the risks and opportunities imposed by climate change becomes more nuanced and sophisticated, and given the recent emergence of corresponding assessment & disclosure logics first and The United Nations Environment Programme estimates that costs associated with climate In climate change as in pandemics, the costs of a global crisis are bound to vastly exceed those of its prevention. But it may not be too late to avoid or limit some of the worst effects of climate change. Leading firms that give greater Harvest's Approach to Climate Change Risks and Opportunities (Added 13 December 2021) Harvest Fund Management Read the case study > About the Author. opportunities.1 At the same time, the risk-return profile of organizations exposed to climate-related risks may change significantly as such organizations may be more affected by physical impacts of climate change, climate policy, and new technologies. through climate change. After habitat loss, climate change is the most important threat to pollinating insects on a global basis. Climate change presents significant risks for all entities, their activities and their economic sectors. Polar animals whose icy natural habitat is melting in the warmer temperatures are particularly at risk. The lengthening fire season means that opportunities for fuel reduction burning are decreasing. 2017) and increasing the resource needs of firefighting services. Responding to climate change will involve a two-tier approach: Mitigation reducing the flow of greenhouse gases into the atmosphere Adaptation learning to live with, and adapt to, the climate change that has already been set in motion. 5. Climate change is already affecting wildlife all over the world, but certain species are suffering more than others. The atmosphere is a dynamic fluid that is continually in motion. The Commission spent just over two years, engaging widely across the country. Crop yields Greenhouse gas emissions over many decades are already affecting production of rice, wheat and maize. Climate change is the result of the buildup of greenhouse gases in the atmosphere, primarily from the burning of fossil fuels for energy and other human activities. The decisions you make now could affect your assets and liabilities. More than 500 people packed the Aotea Centre, with extras forced to stand and others watching from a screen in the foyer, eager to hear from a who's who in the climate world. In fact, a 2015 study estimated These gases, such as carbon dioxide and methane, warm and alter the global climate, which causes environmental changes to occur that can harm people's health and well-being. A key thread was the massive opportunities offshore for exporters with low-emission strategies and products. Climate change is the greatest global health threat facing the world in the 21st century, but it is also the greatest opportunity to redefine the social and environmental determinants of health. In 2015, countries committed to limit global warming to well below 2C as part of the landmark Paris Agreement. It involves adjusting policies and actions because of observed or expected changes in climate. The SME Climate Hub is a global initiative that empowers small to medium sized companies to take climate action and build resilient businesses for the future. The Commission was asked to provide practical advice to Scottish Ministers on maximising the economic and social opportunities of meeting our climate change targets, while managing the risks and challenges. In fact, experts believe that the Arctic sea ice is melting at a shocking rate 9% per decade!Polar bears need sea ice to be able to hunt, raise their young Entities may be exposed to these risks and opportunities directly, or through third parties such as suppliers and customers beyond their direct Our region is particularly vulnerable to the impacts of climate change. Malnutrition and undernutrition were highlighted as a concern for a number of developing countries in Africa, Asia and Latin America, which discussed the impacts of climate change on food security, particularly in relation to floods and drought. serves as the focal point of the Department of Environment and Natural Resources (DENR) on climate change and the Clean Development Mechanism (CDM) Secretariat in support of the countrys commitments to the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol. Climate change adaptation refers to actions that reduce the negative impact of climate change, while taking advantage of potential new opportunities. Climate-induced human mobility has a socioeconomic cost and can affect mental and physical health. While CO 2 The greenhouse effect occurs naturally when heat from the Earth's surface is absorbed by greenhouse gases (GHGs) such as carbon dioxide (CO 2), methane (CH 4), nitrous oxide (N 2 O), sulphur hexafluoride (SF 6), hydrofluorocarbons (HFCs) and perfluorocarbons (PFCs).. Greenhouse gases are naturally present in the air, and allow the But climate change, he repeated, is an opportunity for them, albeit one they may wish they could forgo. Anderson didnt want to sound mercenary or, worse, cheerful. Learn More. Find opportunities to support your ideas on adaptation to climate change on the Funding and Tenders Portal, in particular under the Horizon Europe Work Programme 2021-2022 12. The mean sea level in the Straits of Singapore has also increased at the rate of 1.2mm to 1.7mm per year in the period 1975 to 2009. climate change, periodic modification of Earths climate brought about as a result of changes in the atmosphere as well as interactions between the atmosphere and various other geologic, chemical, biological, and geographic factors within the Earth system. Singapore is not insulated from the impact of climate change. It is composed We Both its physical properties and its rate and Matt Orsagh CFA, CIPM. Improved energy efficiency has emerged as a key component of corporate climate change strategies. Context for this support (predating Albertas coverage by the federal system) can be found in the Department of Finance Canada Backgrounder: Support for Small and Medium-Sized Businesses, as well as in the Environment and Climate Change Canada news release Canada to help small businesses invest in energy-saving equipment and retrofits. It was signed by 154 states at the United Nations Conference on Environment and Development (UNCED), You may need new financing or even a capital injection to fund the transition to new strategies. Research shows that the world needs to cut its emissions at least in half by 2030 and reach net-zero by mid-century to prevent the worst effects of climate change. Missions (work programmes for EU missions).. Six calls are now open and will close on 27 September 2022: There has been a $10 million grant to the Northern Australian Land and Sea Management Alliance to assist research into participation in carbon markets. NOAA serves as the administrative agency for CSSR (i.e., Climate New Mexico is serious about climate change and we have to be. From 1980 to 2020, the annual mean temperature has increased from 26.9C to 28.0C. He was named one of the 2008 Energy Efficiency. Matt Orsagh, CFA, CIPM, is a director of capital markets policy at CFA Institute, where he focuses on corporate governance issues.