Carbon Disclosure Project 2005

Page 33

Critical Changes Affecting Investors Since CDP2

• Long-term temperature records

• If atmospheric concentration of

derived from ice sheets, glaciers, lake

CO2 were stabilized at today’s

sediments, corals, tree rings, and

concentrations of about 380 ppm

historical documents show that

(i.e., if CO2 emissions were substantially

1995-2004 was the warmest decade

reduced today) global average

worldwide in the last 1-2,000 years.

temperatures would increase by another 0.4 to 0.6o C by 2100.

9 of the 10 warmest years on record have occurred in the last decade. • Global precipitation over land increased

• If atmospheric concentration of CO2 increase to about 550 ppm (a low

about 2% over the last century with

emissions growth scenario), global

considerable variability by region

average surface temperature would increase about 1.3o C by 2100.

(Northern Hemisphere precipitation increased by about 5-10% during this time while West Africa and other areas experienced decreases). • Mountain glaciers are melting worldwide, the Greenland ice sheet is melting, the extent and thickness of Arctic sea-ice is declining, and lakes and rivers freeze later in the fall and melt earlier in the spring. The growing season has lengthened by about 1-4 days per decade in the last 40 years in Northern hemisphere, especially at high latitudes. • Climate model simulations show that the observed temperature increase over the last century cannot be explained by

increase to about 800 ppm (a high emissions growth scenario), global average surface temperature would increase about 3.5o C by 2100. • Thermal expansion of ocean water would increase global mean sea level 10 cm (for 380 ppm of CO2) to 30 cm (for 800 ppm of CO2) by 2100. Ice sheet and glacier melting could double these totals. • Global average rainfall, variability of rainfall, and heavy rainfall events are projected to increase. • Heat waves in Europe, North America and other regions are likely to become

and changes in solar output) alone; the

more intense, more frequent, and longer

effect of human activities must be

lasting.

included for model output to match the

Climate change in the 21st century will

observational record.

result in significant societal and

fish and insect species are changing.

Peter Schwartz and Doug Randall, ‘An Abrupt Climate Change Scenario and its Implications for United States National Security’, October 2003. A report commissioned by the US Defense Department

• If atmospheric concentration of CO2

natural forcing (i.e., volcanic eruptions

• The ranges of migrating birds and some

“This report suggests that, because of the potentially dire consequences, the risk of abrupt climate change, although uncertain and quite possibly small, should be elevated beyond a scientific debate to a U.S. national security concern.”

environmental impacts. • Higher temperatures, more frequent

Tropical regions are losing animal

heavy rainfall events, and changes in

species, especially amphibians, to

seasonal and spatial patterns of

warming and drying.

precipitation are likely to result in

Human influences will continue to

increases in both flooding and droughts,

change Earth’s climate throughout the 21st century. Analyses using

making water management more difficult. • Heat stress and expansion of disease

NCAR’s Community Climate System

ranges will stress human populations,

Model-3 (CCSM-3) show that changes

especially in the developing world where

in atmospheric composition are likely

adaptive capability is limited.

to result in further increases in global average temperature and sea level and

• Flooding of coastal areas could produce

continued decline in snow cover, land

environmental refugees in some areas.

ice and sea ice extent. We are likely

Inundation of coastal groundwater by

to experience a faster rate of climate change in the 21st century than seen

saline ocean water is likely to cause

in the last 10,000 years.

agricultural problems in some regions. • Enhanced forest growth early in the 21st century is likely to be followed by decline

Innovest Strategic Value Advisors

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