In the last Article saw how climate change can pose great risk to humanity and the ecosystem. Four approaches to managing climate risk were introduced. One approach is mitigation. Mitigation refers to efforts to reduce or prevent emissions. It involves the reducing of emissions and absorbing of greenhouse gases [GHGs]...
The reality of climate change is with us
The last two weeks has registered extreme heat waves in the Northern hemisphere where countries like Spain, Italy, Greece and USA [Arizona] have recorded temperatures above 40 degree Centigrade. According to the World Meteorological Organization [WMO] Europe is the fastest warming region with recorded hottest Summers in the last two...
Climate change and climate risk
“There is no time to wait for others to move first”. These were the words of the UN Secretary General on the 27th July 2023. These words summarize the agency of acting fast to tame the impacts of climate change. In a recent Article we saw how unprecedented heat waves...
Adaptation to climate change risk
In an earlier Article we highlighted adaptation as one of the approaches to managing climate risk. Climate risk adaptation is taking action to prepare for and adjust to both current and expected impact of climate change. It is a process by which we adjust to actual or projected climate and...
Understanding our dynamic climate
The Earth’s climate has been around for a very long time. Scientists have named the different periods of time during which the climate has been evolving. Let’s first consider this question; What is climate? Here is an interesting quote to start with; “Climate tells you what clothes to buy, weather...
Natural capital
The traditional approach to economic theory brings out the factors of production as Land, Labour, Capital [Finance] and Entrepreneurship. These factors are known to combine to facilitate output of goods or services. In this traditional approach the emphasis is on maximization of output and margins [profit]. The relative importance of...