CCP Climate Change Risk Assessment & Management 3

Question 1

Which qualitative risk assessment method uses structured expert judgment to systematically explore how climate change could disrupt a system?

Accepted Answer

Delphi method scenario workshop

Answer

A Delphi-method scenario workshop gathers iterative expert input to build consensus on plausible future climate risk pathways.

Question 2

Under the TCFD framework, 'transition risks' primarily arise from:

Accepted Answer

Policy, legal, technology, and market shifts toward a low-carbon economy

Answer

Transition risks stem from the process of adjusting to a lower-carbon economy, including policy changes, technology shifts, and changing market preferences.

Question 3

A municipality uses a 'risk heat map' to prioritize adaptation actions. A risk with HIGH impact but LOW probability would typically be treated how?

Accepted Answer

Monitored and contingency-planned for

Answer

High-impact, low-probability risks are typically flagged for monitoring and contingency planning rather than immediate intensive action.

Question 4

What is the primary purpose of a 'climate stress test' applied to financial institutions?

Accepted Answer

To assess whether a bank can remain solvent under severe climate scenarios

Answer

Climate stress tests evaluate whether financial institutions have sufficient capital to absorb losses under adverse physical or transition climate scenarios.

Question 5

Which Representative Concentration Pathway (RCP) scenario represents the highest greenhouse gas emissions trajectory used in IPCC assessments?

Accepted Answer

RCP 8.5

Answer

RCP 8.5 represents a high-emissions 'business as usual' pathway with radiative forcing reaching 8.5 W/m² by 2100.

(CCP) Certified Climate Change Professional Practice Test

(CCP) Certified Climate Change Professional Practice Test

CCP Climate Change Risk Assessment & Management 3