A General Approach for Financial Quantification of Climate Change Risk for Enterprises

Climate change is a major risk for the global economy. Increased frequency of climatic events coupled with unsustainable economic development without considering environmental & social aspects has resulted in runaway climatic impacts. It became evident for all stakeholders to work in unison; which led to formation of Task force on climate-related financial disclosures (TCFD). Financial quantification of climate risk is a new area to be explored & could be an effective measure to tackle climate change. This chapter provides a general approach for financial quantification of climate change risk for businesses to understand & prioritize climate action. Though the approach is limited to the manufacturing sector, it can be used with some modifications for other sectors. It will help find impacts that climate change could pose to supply chain using various tools & evaluation of its usefulness. As 'Climate Action' is part of Sustainable Development Goals; it will be useful to understand how integrating TCFD could help enterprises tackle climate change by localizing SDG-13 into their businesses.

A General Approach for Financial Quantification of Climate Change Risk for Enterprises

Climate change is a major risk for the global economy. Increased frequency of climatic events coupled with unsustainable economic development without considering environmental & social aspects has resulted in runaway climatic impacts. It became evident for all stakeholders to work in unison; which led to formation of Task force on climate-related financial disclosures (TCFD). Financial quantification of climate risk is a new area to be explored & could be an effective measure to tackle climate change. This chapter provides a general approach for financial quantification of climate change risk for businesses to understand & prioritize climate action. Though the approach is limited to the manufacturing sector, it can be used with some modifications for other sectors. It will help find impacts that climate change could pose to supply chain using various tools & evaluation of its usefulness. As 'Climate Action' is part of Sustainable Development Goals; it will be useful to understand how integrating TCFD could help enterprises tackle climate change by localizing SDG-13 into their businesses.

The Future of Wood - towards circular bioeconomy

In summary, there are great opportunities to better use wood as a non-fossil fuel-based raw materials and tackle climate change, as well as to achieve Sustainable Development Goals. However, there is an urgent need to invest in more research on how this could be best implemented in a sustainable way and in different regions, especially in the global South.

Bringing Emissions Trading Schemes into Mexican Climate Policy

Emissions trading schemes (ETS) have become popular as a policy instrument to tackle climate change. This chapter analyses the decision to deploy carbon markets and their interaction with other instruments in Mexico’s climate policy. Instrument selection has been thoroughly explored in the regulation and public policy literature (Kern et al. in Res Policy 48, 2019; Capano and Lippi in Policy Sci 50(2):269–293, 2016; Wurzel et al. in German Policy Studies 9:21–48, 2013; Harker et al. in Climate Policy 17(4):485–500, 2017; Baldwin et al. in Understanding regulation, Oxford University Press, 2012; Jordan et al. in Policy instruments in practice. Oxford handbooks online 536–549, 2011), but its application to carbon markets is mainly focused on environments such as Europe, the US and, more recently, China. The decision to adopt an ETS relies not only on specific characteristics of each instrument but also on institutional constraints and messy political considerations. A combination of preferences and institutional factors affect the choice of instruments, and the ultimate decision must be legitimate and instrumental for each context. I analyse the considerations involved in the deployment of the ETS pilot project, looking at its distinctive characteristics and those it shares with other available instruments, as well as the requirements for its implementation.

Trends in Chemical Wood Surface Improvements and Modifications: A Review of the Last Five Years

Increasing the use of wood in buildings is regarded by many as a key solution to tackle climate change. For this reason, a lot of research is carried out to develop new and innovative wood surface improvements and make wood more appealing through features such as increased durability, fire-retardancy, superhydrophobicity, and self-healing. However, in order to have a positive impact on the society, these surface improvements must be applied in real buildings. In this review, the last five years of research in the domain of wood surface improvements and modifications is first presented by sorting the latest innovations into different trends. Afterward, these trends are correlated to specifications representing different normative, ecologic and economic factors which must be considered when expecting to introduce a wood treatment to the market. With this review, the authors hope to help researchers to take into consideration the different factors influencing whether new innovations can leave the research laboratory or not, and thereby facilitate the introduction of new wood surface treatments in the society.

Major physics labs join forces to tackle climate change

Leading physics facilities including CERN, the European Space Agency, Fermilab and the Los Alamos National Laboratory plan to step up scientific collaboration on carbon-neutral energy and climate change.

Ask me anything: Ciara Muldoon

Based in Exeter, UK, Ciara Muldoon holds a BSc in experimental physics from the National University of Ireland, Galway, and a PhD in science studies from the University of Bath. After working as a science-communication consultant, she became an Internet entrepreneur with her husband, Neil Williams, a former aerospace engineer. Their latest project is a charitable search engine that helps tackle climate change and climate injustice.

Climate Change Concerns of Saudi Arabian Farmers: The Drivers and Their Role in Perceived Capacity Building Needs for Adaptation

Climate change is a serious threat to the sustainability of global agriculture and food supply that necessitates taking appropriate action for building resilient food production systems and preserving rural economies. In this regard, farmers’ beliefs and concerns about the effects of climate change on agriculture may influence their adoption of adaptation and mitigation practices to address this emerging issue. This work was undertaken to evaluate farmers’ level of concern about climate change in the Jazan province of Saudi Arabia. The study also explored the role of various socioeconomic indicators in shaping farmers’ concerns and highlights various capacity-building initiatives that can be applied at the community level for effective adaptation. Ordered logistic regression was used to study the relationship between farmers’ level of concern and their need for capacity-building initiatives to tackle climate change. Results indicated that insect infestation is the farmers’ top concern, followed by higher crop-diseases incidence and drought. Regression analysis revealed that farmers’ income is a major factor that reduces their concern for insect infestation and crop disease while increases concern for drought. Credit access and information availability have a mixed impact on the farmers’ concern level. Capacity-building initiatives deemed necessary included establishing frequent contacts with extension personnel, timely warnings on droughts and other natural hazards, the training of farmers and extension workers, easy credit facilities, improvement in rural infrastructure and creation of awareness to address specific concern stimulus.

Agricultural production trends towards carbon neutrality in response to the EU 2030 Green Deal: Economic and environmental analysis in horticulture

The European Green Deal to tackle climate change sets emission reduction targets for 2050. Particular attention has been paid to the agricultural sector, where there is a strong need to reduce carbon emissions and re-establish the natural carbon cycles. The concept of carbon neutrality is emerging in a scenario where it is necessary to reduce carbon dioxide (CO₂) emissions from cultivation to near zero. The quantification of carbon emissions was carried out by the carbon footprint (CF) of conventional, organic and zero residue potato cultivation in Sicily. In order to provide farmers and consumers with answers regarding the most sustainable cultivation regime, the results showed that the organic and zero residue methods have the best results in terms of emissions; the latter instead revealed the positive results in economic terms. It becomes a new model to follow in the pursuit of sustainability as it is based on the reduction of synthesis inputs and is free from the constraints imposed by organic production standards.