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Climate, Economy, Finance- Everything you need to know about the IPCC 5th Assessment Report- Mitigation of Climate Change

On April 15th the third and final volume of the IPCC Fifth Assessment Report on Climate Change was presented. The report is the most comprehensive survey of scientific knowledge about climate change, updated after the 2007 edition. Working Group 3 of the Intergovenmental Panel on Climate Change focuses on actions and policies for mitigating climate change, that is on the possibility of reducing the concentration of greenhouse gases in the atmosphere.

The report makes clear why climate change cannot be dealt with solely from an environmental point of view, given its powerful financial and economic repercussions, on both the global and domestic levels. While the continuous rise in global emissions furthers us from the aim of maintaining temperature increase below 2° C at the end of the century, science is seeking ways to control climate change that also take into account economic efficiency and equity, for example through market instruments that reduce emissions wherever this is a less expensive option.

The video “All you need to know about the IPCC 5th Assessment Report – Mitigation of Climate Change explores the contents of the Report narrated by the Italian authors:

  • Carlo Carraro – ICCG Director, Vice-Chair of the Working Group 3 and Member of the Bureau of the IPCC
  • Alessandro Lanza – CMCC / IPCC WG3 Lead Author
  • Massimo Tavoni – CMCC / FEEM / IPCC WG3 Lead Author

The video was produced jointly by the International Center for Climate Governance (ICCG), the Euro-Mediterranean Centre on Climate Change (CMCC) and the Fondazione Eni Enrico Mattei (FEEM). Created by Jacopo Crimi and Mauro Buonocore, with illustrations by Neva.

See also: Overview: The IPCC AR5 Report- Working Group II

Overview: The IPCC AR5 Report- Working Group II

Credit: CGIAR

Credit: CGIAR

The Intergovernmental Panel on Climate Change has just published its latest Working Group II report detailing impacts, adaptation, and vulnerability associated with climate change. The highly anticipated report paints a bleak picture with respect to the consequences of continued climate change. The latest IPCC report predicts future food and water supply insecurities, and calls for both mitigation and adaptation.

“The latest IPCC Assessment Report should serve as a further wakeup call to our region,” ~5Cs

Chairman of the Intergovernmental Panel on Climate Change (IPCC) Rajendra K. Pachauri says he hopes the report on the rising threat of climate change will “jolt people into action”. The report found the strongest evidence of climate change in the thawing permafrost in the Arctic and in the destruction of coral reefs. It found many freshwater and marine species had shifted their geographical range due to climate change. But the report said climate change was growing more evident in human systems as well, where it posed a series of risks. Climate change was already beginning to affect crop yields, especially for wheat and maize, and the report says that yields could decline sharply towards the middle of the century.

The scientists found climate change was a driver of violent conflicts and migration, and was exacerbating inequality, making it harder for people to claw their way out of poverty. Climate change was also a factor in the rise of mega-disasters. The report said climate change was driving recent heatwaves and droughts, and was a risk factor for wildfires.

 The latest IPCC report: FIVE Key Points

1. Food threat

Climate change is already taking a sizeable chunk out of global food supply and it is going to get worse. Increases in crop yields – which are needed to sustain a growing population – have slowed over the last 40 years. Some studies now point to dramatic declines in some crops over the next 50 years – especially wheat, and to a lesser extent corn. Rice so far is unaffected. The shortages, and the threat of food price spikes, could lead to unrest.

2. Human security

Climate change poses a threat to human security, and could lead to increased migration. Potential shortages of food and water, because of climate change, could be drivers of future conflicts. These won't necessarily be wars between states, but conflicts between farmers and ranchers, or between cities and agriculture industry which wants water for food. On the flip side, those conflicts are going to get in the way of government's efforts to protect people from future climate change.

3. Inequality

Some are more vulnerable than others. Poor people in poor countries – and even the poor in rich countries – are going to bear an unfair burden of climate change, the report said. Climate change is going to exacerbate existing inequalities, and it is going to make it harder for people to claw their way out of poverty.

4. No-one is safe

As temperatures rise beyond 2 degrees to 4 degrees – our current trajectory – there are limits to how far society can adapt to climate change. The only way out is to cut emissions now – and buy some time by slowing warming – and at the same time make plans for sea walls, relocations, and other measures that can keep people out of harms' way.

5. Hard but not hopeless.

The report notes that research on the effects of climate change has doubled since the last report in 2007 – and so has understanding about what needs to done to insulate people from more severe consequences.

 As the world digests the sobering findings of the latest installment of the UN’s Intergovernmental Panel on Climate Change, a reminder of what the panel is designed to do: To inform policy decisions, including the negotiations towards the UN global climate change agreement in Paris in 2015. See this and other infographics at http://bit.ly/1ggttKT

Credit: UNFCCC

Credit: UNFCCC

Credit: The UK Guardian and The IPCC


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