Climate Risk Management

Introduction Climate risk management is an essential aspect of environmental sustainability, and it has become increasingly important in recent years due to the escalating impacts of climate change. According to the Intergovernmental Panel on Climate Change (IPCC), the world has already warmed by about 1°C since the late 1800s, and it is projected to warm by another 2-5°C by the end of this century if greenhouse gas emissions continue to rise at current rates (IPCC, 2020). As a result, businesses, governments, and individuals are facing increasing pressure to manage and mitigate climate-related risks. However, climate risk management is not without its limitations, and it is essential to understand these constraints to develop effective strategies for managing climate-related risks. ...