The impacts of climate change risks on financial performance of mining industry: Evidence from listed companies in China

AbstractGeneral warming and extreme weather events associated with climate change are expected to negatively impact water utilities. Water utilities will need to adapt to continue providing safe drinking water and wastewater services. In 2012, the Canadian Water and Wastewater Association (CWWA) conducted a survey of 53 water utility officials to understand the expert perceptions of climate change risks and preparedness of Canadian utilities for current and future impacts. Results indicated that there is low awareness among water utility officials (30%) of thepossible impacts of climate change on water utilities, and more than half have not conducted climate change vulnerability assessments (65%) and do not have operational plans to address climate change impacts (56%). Officials from smaller utilities, which are considered to be more vulnerable to impacts, were of those less aware of these risks and reported taking fewer preparedness activities. Efforts to prepare water utilities for climate change impacts in Canada would benefit from education of utility officials about possible climate change risks, encouraging assessments of vulnerabilities, and increased training with new adaptation tools and resources.

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Evaluation of climate change risks faced by the mining industry in Chile: spatiotemporal analysis of extreme precipitation for 2035-2065

10.5194/egusphere-egu21-10500 ◽

2021 ◽

Author(s):

Gabriel Perez ◽

Liliana Pagliero ◽

Neil McIntyre ◽

Douglas Aitken ◽

Diego Rivera

Keyword(s):

Climate Change ◽

Extreme Precipitation ◽

Mining Industry ◽

Spatiotemporal Analysis ◽

Extreme Weather Events ◽

Present Climate ◽

Mining Operations ◽

Climate Conditions ◽

Extreme Precipitation Events ◽

Climate Change Risks

<p>Climate change poses significant challenges for many industrial activities around the world, including mining. Changes in precipitation patterns and the increasing frequency of extreme weather events can trigger severe droughts or flash floods that can easily disrupt the minerals value-chain and increase environmental pollution risks. This research focuses on evaluating climate change risks faced by the mining industry in Chile during the period 2035-2065 under the assumptions of the RCP 8.5 scenario (business as usual).&#160; This research presents risk maps, at the national scale, based on different databases that describe the location and characteristics of the mining infrastructure and spatiotemporal analysis of daily precipitation changes between present climate conditions and future predictions. The present climate conditions are depicted by historical observations for the period 1980-2010 while the future predictions are represented by an ensemble of 34 downscaled Global Circulation Models (GCMs) from the CMIP5.&#160; On one hand, the results show that mining operations located in northern and central Chile (Atacama, Coquimbo and Valparaiso regions), will face significant flash flood risks due to the predicted increase of extreme precipitation events for 2035-2065. On the other hand, the results suggest that mining operations located in the regions of Coquimbo, Valparaiso, Biobio, Libertador G.B.O, and Metropolitan area of Santiago are those under the most significant risks due to droughts. The results obtained in this research are part of a more comprehensive project titled &#8220;Climate Risk Atlas of Chile&#8221;, developed by the Center for Climate and Resilience Research (CR2) and the Center for Global Change of Universidad Cat&#243;lica de Chile (https://arclim.mma.gob.cl/), which analyses the risks of climate change for different industries of the Chilean economy.</p>

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