December - 20228 logisticstechoutlook.comClimate risk and resilience have been the focus of scientific assessments for the past two decades ­ IPCC SR Ocean & Cryosphere report has done extensive modeling on the historical changes in the ocean and cryosphere since 1950, and projected future changes under low (RCP2.6) and high (RCP8.5) greenhouse gas emissions scenarios. RCPs (Representative Concentration Pathways) are scenarios that include time series of emissions and concentrations of the full suite of GHGs and Aerosols, including chemically active gasses, as well as land use / land cover. RCP2.6 represents a low greenhouse gas emission, high mitigation future, that in CMIP5 simulations gives a two in three chance of limiting global warming to below 2°C by 2100. By contrast, RCP8.5 is a high greenhouse gas emission scenario in the absence of policies to combat climate change, leading to continued and sustained growth in atmospheric greenhouse gas concentrations, leading to an increase of up to 5.2°C ­ to contextualize, as of 2017, we are already at 1°C.Economic Impact from high frequency climate crisis events is material and staggering... adaptation to climate change, and building resilience is key.. In My OPINIONCLIMATE CRISIS IS AN OPPORTUNITY TO DESIGN & BUILD RESILIENT SUPPLY CHAINSBy Kaushik Burman, Vice President of International Expansion & Growth, GogoroCircumstantial evidence on impact of global warming lends credibility from a recent analysis from Munich Re, which highlights that, "Since the 1980s, the number of registered weather-related loss events has tripled, and inflation-adjusted insurance losses from these events have increased from an annual average of around US$10 billion in the 1980s to around US$50 billion over the past decade."19 These losses are the result of increasing climate risk, which is determined by the existence of physical hazards, exposure to those hazards and underlying vulnerability. Cities in California are under a scorching heat wave, whilst populated cities of South Asia (Bangalore, Karachi) are inundated by flash floods. The frequency of these high impact events is likely to exacerbate from here, whilst urbanization trends are going Kaushik Burman
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