Climate change is the most important issue facing humanity in the twenty first century and it will change the way in which all of us live and work.
Climate change poses enormous risks for businesses, governments and NGOs, as well as commercial opportunities for those strategically placed to take advantage of them.
Climate change risks will affect
Planning, infrastructure development and asset management especially in low-income countries
Regulatory and operating costs which need to be factored in during profit and loss accounting
The economic life of engineering infrastructure
The political, social and economic context within which commercial decisions are made
Due diligence and professional indemnity for business
MORE ON CLIMATE CHANGE SCIENCE
For more information on climate change science, see the IPCC 5th Assessment Reports
Human emissions of greenhouse gases such as CO2 are warming the atmosphere, land and oceans by slowing the escape of radiation to space.
Most of the radiation imbalance (over 90%) is warming the oceans, and producing much of the global sea level rise that is occurring. The rest is warming the atmosphere and melting land and sea ice.
Climate change means that 16 of the warmest years on record have all occurred since 2000, at a time when atmospheric CO2 concentrations are at their highest level for at least 1 million years.
Extreme floods are increasing in size frequency and droughts are becoming more severe.
The three hottest years ever recorded were 2016, 2015 and 2014.
Vulnerable ecosystems are struggling to cope with the rapidity of these changes.
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