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
In a climate risk matrix, which axis typically represents the likelihood of a climate hazard occurring?
Answer: Frequency or probability
A standard risk matrix plots probability (likelihood) on one axis and impact severity on the other to produce a risk score.
Which framework is most widely used for conducting climate-related financial risk disclosures in corporate settings?
Answer: TCFD (Task Force on Climate-related Financial Disclosures)
The TCFD framework provides guidance for companies to disclose physical and transition climate risks in financial filings.
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:
Answer: Probability
Increasing storm surge frequency means the probability of the hazard event increases, not its intensity or the community's exposure.
What does 'residual risk' mean in climate risk management?
Answer: Risk remaining after adaptation and mitigation controls are applied
Residual risk is the level of risk that persists after all risk treatment measures have been implemented.
The IPCC AR6 introduced a framework distinguishing between 'fast-onset' and 'slow-onset' climate events. Which of the following is a slow-onset event?
Answer: Sea level rise
Sea level rise is a slow-onset event that unfolds over decades, unlike fast-onset events such as cyclones or floods that occur rapidly.
Which term describes the loss of lives, assets, and livelihoods that cannot be recovered or restored through financial compensation or technical measures?
Answer: Loss and damage
Loss and damage refers to irreversible climate impacts—such as species extinction or loss of cultural heritage—that exceed the limits of adaptation.
When conducting a supply chain climate risk assessment, a company finds that a key supplier is located in a high water-stress region. The primary risk category this represents is:
Answer: Physical risk — chronic
Chronic water stress is a slow-developing physical risk linked to changing precipitation patterns and increasing temperatures over time.