IPCC_AR5__Implications_for_InvestorsBriefingWEB_EN

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ThePhysicalScienceofClimateChangeRising temperatures:The Intergovernmental Panel on Climate Change (IPCC)Fifth Assessment Report (AR5) concludes that climate changeis unequivocal, and that human activities, particularlyemissions of carbon dioxide, are very likely to be thedominant cause. Changes are observed in all geographicalregions: the atmosphere and oceans are warming, the extentand volume of snow and ice are diminishing, sea levels arerising and weather patterns are changing.Projections:Computer models of the climate used by the IPCCindicate that changes will continue under a range ofpossible greenhouse gas emission scenarios over the 21stcentury. If emissions continue to rise at the current rate,impacts by the end of this century are projected to includea global average temperature 2.6–4.8 degrees Celsius (°C)higher than at present, and sea levels 0.45–0.82 metreshigher than at present.To prevent the most severe impacts of climate change,parties to the UN Framework Convention on Climate Change(UNFCCC) agreed a target of keeping the rise in average globaltemperature since pre-industrial times below 2°C, and toconsider lowering the target to 1.5°C in the near future.The first instalment of AR5 in 2013 (Working Group I onthe physical science basis of climate change) concludedthat by 2011, we had already emitted about two-thirdsof the maximum cumulative amount of carbon dioxidethat we can emit if we are to have a better than two-thirdschance of meeting the 2°C target.Impact of past emissions:Even if emissions are stopped immediately, temperatureswill remain elevated for centuries due to the effect ofgreenhouse gases from past human emissions alreadypresent in the atmosphere. Limiting temperature rise willrequire substantial and sustained reductions of greenhousegas emissions.P2 Climate: Everyone's Business
Aboutthis documentThe Fifth Assessment Report from theIntergovernmental Panel on Climate Change is themost comprehensive and relevant analysis of ourchanging climate. It provides the scientific fact basethat will be used around the world to formulateclimate policies in the coming years.This document is one of a series synthesizing the most pertinent findingsof AR5 for finance and investment sectors. It was born of the belief thatinvestors and financial institutions could make more use of AR5, which islong and highly technical, if it were distilled into an accurate, accessible,timely, relevant and readable summary.Although the information presented here is a ‘translation’ of the key contentrelevant to this sector from AR5, this summary report adheres to the rigorousscientific basis of the original source material. Specific numbers and theirreferences from AR5 chapters can be found in the Endnotes.Grateful thanks are extended to all reviewers from both the science andbusiness communities for their time, effort and invaluable feedback onthis document.The basis for information presented in this overview report can be foundin the fully-referenced and peer-reviewed IPCC technical and scientificbackground reports at: www.ipcc.chPUBLISHED:June 2014FOR MORE INFORMATION:E-mail: AR5@europeanclimate.orgwww.cisl.cam.ac.uk/ipccwww.iigcc.orgwww.unepfi.orgwww.europeanclimate.orgAUTHOR:Rory SullivanREVIEWERS:IIGCC Climate Risk programmeKarsten Loeffler, Allianz Climate SolutionsSimone Ruiz, Allianz Climate SolutionsAbyd Karmali, Bank of AmericaMerrill LynchGiorgio Capurri, UniCreditRemco Fischer, UNEP FICambridge Project Team:Nicolette BartlettStacy GilfillanDavid ReinerEliot WhittingtonPROJECT DIRECTOR:Tim NuthallPROJECT MANAGER/ EDITOR:Joanna BennEDITORIAL CONSULTANTS:Carolyn Symon, Richard BlackPROJECT ASSISTANTS:Myriam Castanié, Simon McKeagneyLAYOUT DESIGN:Lucie Basset, BurnthebookINFOGRAPHIC:Carl De Torres Graphic DesignIMPLICATIONS FOR INVESTORS AND FINANCIAL INSTITUTIONS P3
Page 1: Climate Change:Implicationsfor Inve
Page 5 and 6: ExecutiveSummaryInvestors andFinanc
Page 7 and 8: Food securityClimate impacts on agr
Page 9 and 10: Key Findings from the Intergovernme
Page 11 and 12: ReducingGreenhouseGas EmissionsOppo
Page 13 and 14: Climate change presentsreal risks a
Page 15 and 16: ENDNOTES1IPCC AR5 WG III, Chapter 7

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