Climate Change Risk Assessment & Management Flashcards
7 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Climate Change Risk Assessment & Management flashcards as text
Which qualitative risk assessment method uses structured expert judgment to systematically explore how climate change could disrupt a system?
Answer: Delphi method scenario workshop
A Delphi-method scenario workshop gathers iterative expert input to build consensus on plausible future climate risk pathways.
Under the TCFD framework, 'transition risks' primarily arise from:
Answer: Policy, legal, technology, and market shifts toward a low-carbon economy
Transition risks stem from the process of adjusting to a lower-carbon economy, including policy changes, technology shifts, and changing market preferences.
A municipality uses a 'risk heat map' to prioritize adaptation actions. A risk with HIGH impact but LOW probability would typically be treated how?
Answer: Monitored and contingency-planned for
High-impact, low-probability risks are typically flagged for monitoring and contingency planning rather than immediate intensive action.
What is the primary purpose of a 'climate stress test' applied to financial institutions?
Answer: To assess whether a bank can remain solvent under severe climate scenarios
Climate stress tests evaluate whether financial institutions have sufficient capital to absorb losses under adverse physical or transition climate scenarios.
Which Representative Concentration Pathway (RCP) scenario represents the highest greenhouse gas emissions trajectory used in IPCC assessments?
Answer: RCP 8.5
RCP 8.5 represents a high-emissions 'business as usual' pathway with radiative forcing reaching 8.5 W/m² by 2100.
In climate risk assessment, 'sensitivity' refers to:
Answer: The degree to which a system is affected by climate stimuli
Sensitivity is the degree to which a system is affected—positively or negatively—by climate-related stimuli, independent of adaptive capacity.
A company identifies that carbon pricing regulations may render its fossil-fuel assets unprofitable before the end of their operational lifespan. These assets are called:
Answer: Stranded assets
Stranded assets are investments that lose economic value ahead of schedule due to regulatory, market, or environmental changes linked to the energy transition.