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Addressing Climate Change Risks: Importance and Urgency

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Handbook of Climate Change Management

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Abstract

Climate-related risks will become increasingly more relevant over time. Simply adapting to these risks will result in a so-called “hothouse” world and mass extinction of a broad range of species, including the risk of extinction of humans. Mitigating greenhouse gas emissions according to the current national contributions would result in carbon neutrality only in many decades from now accompanied by global warming of more than 3 °C resulting in a range of impacts. Rapid decarbonization of the economy accompanied by deployment of carbon dioxide removal from the atmosphere is likely to overshoot the 2° temperature goal of the Paris Agreement. Even if humanity achieves carbon neutrality tomorrow, the world will be exposed to a warming level of 1.5 °C due to inertia in the climate system. Policymakers and stakeholders are consequently beginning to explore a number of shorter-term measures such as solar radiative management in order to protect highly vulnerable regions. These do not address carbon neutrality, however, nor the need to remove all residual GHG emissions, and there is a concomitant interest in the international community for negative emissions technologies. These measures in turn are accompanied by high additional risks and limitations, and therefore rapid decarbonization remains the most attractive option to managing the challenges posed by rising temperatures. Given that residual GHG emissions need to be compensated by mainly negative emissions technologies, any approach should be evaluated against sustainable development and poverty alleviation, the overarching context of the Paris Agreement. Reflecting on the lessons learned from the Global Financial Crisis of 2008, this chapter concludes that combatting climate change in the wake of the COVID-19 pandemic requires environmentally and socially sustainable economic dynamism. All responses to the challenges posed by climate change and economic recovery need to embrace a systemic transition away from the use of fossil fuels, the logic being that now is the time to act, rather than reverting to business as usual.

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Authors and Affiliations

  1. Austrian Standards (ASI), Vienna, Austria

    Klaus Radunsky

  2. Institute for Ethics, Governance and Law, Griffith University, Nathan, Australia

    Tim Cadman

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  1. FTZ-ALS, HAW Hamburg, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. School of Social Sciences, CHC Higher Education, Carindale, Australia

    Johannes Luetz

  3. Center for Food Security Studies, Addis Ababa University, Addis Ababa, Ethiopia

    Desalegn Ayal

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Radunsky, K., Cadman, T. (2021). Addressing Climate Change Risks: Importance and Urgency. In: Leal Filho, W., Luetz, J., Ayal, D. (eds) Handbook of Climate Change Management. Springer, Cham. https://doi.org/10.1007/978-3-030-22759-3_288-1

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