CCP Climate Change Risk Assessment & Management 2

Question 1

In a climate risk matrix, which axis typically represents the likelihood of a climate hazard occurring?

Accepted Answer

Frequency or probability

Answer

A standard risk matrix plots probability (likelihood) on one axis and impact severity on the other to produce a risk score.

Question 2

Which framework is most widely used for conducting climate-related financial risk disclosures in corporate settings?

Accepted Answer

TCFD (Task Force on Climate-related Financial Disclosures)

Answer

The TCFD framework provides guidance for companies to disclose physical and transition climate risks in financial filings.

Question 3

A coastal city assesses the risk of a 100-year storm surge event. Under climate change, this event is projected to occur every 20 years by 2080. This change is best described as a shift in the hazard's:

Accepted Answer

Probability

Answer

Increasing storm surge frequency means the probability of the hazard event increases, not its intensity or the community's exposure.

Question 4

What does 'residual risk' mean in climate risk management?

Accepted Answer

Risk remaining after adaptation and mitigation controls are applied

Answer

Residual risk is the level of risk that persists after all risk treatment measures have been implemented.

Question 5

The IPCC AR6 introduced a framework distinguishing between 'fast-onset' and 'slow-onset' climate events. Which of the following is a slow-onset event?

Accepted Answer

Sea level rise

Answer

Sea level rise is a slow-onset event that unfolds over decades, unlike fast-onset events such as cyclones or floods that occur rapidly.

(CCP) Certified Climate Change Professional Practice Test

(CCP) Certified Climate Change Professional Practice Test

CCP Climate Change Risk Assessment & Management 2