Chapter 7 Flashcards
Global reference scenario
Set of agreed-upon projections of future emissions with socioeconomic narratives - crucial input for climate scenario analysis.
Representative Concentration Pathway
Adopted by IPCC, - scenarios modeling the level of radiative forcing, caused by given level of GHG concentration
Radiative forcing.
difference in energy (in watts per square meter) between incoming solar radiation and outgoing infrared radiation at the top of the atmosphere.
climate scenario?
Narrative to sketch future world state as CC advances
Net Zero def
Reducing global emissions to zero in almost every sector of global economy + balancing residual emissions (e.g. from agriculture, aviation) with removals & offsets
SSP def
Shared Socio-Economic Pathway - scenarios showing how С is influenced by social and economic factors (population, economic growth, education, etc.)
Which two RCP pathways are the most widely used?
RCP 2.6 - for reaching Paris <2C goal
RCP 8.5 - “business as usual”
Break down five SSP scenarios, what are they about
SSP1 - high focus on sus
SSP2 - Business as usual
SSP3 - regional rivalry btw countries
SSP4 - high degree of inequality
SSP5 - fossil-fuel development
def Integrated Assessment Model
Model that can assess combo of social, economic, energy, emissions, climate factors
What are the components of scenario analysis
- Choice of scenario + parameter setting (macroeconomic, like GDP growth, energy demand, policies)
- Analytical choices:
Choose scope (e.g. supply chains) and qualitative + quantitative methods
Choose timescale, data availability, types of climate hazards - Get output (revenues, asset valuations, asset stranding).