Author : Berninger, Kati
Publisher : Nordic Council of Ministers
ISBN 13 : 9289373296
Total Pages : 83 pages
Book Rating : 4.2/5 (893 download)
Book Synopsis Nordic Perspectives on Transboundary Climate Risk by : Berninger, Kati
Download or read book Nordic Perspectives on Transboundary Climate Risk written by Berninger, Kati and published by Nordic Council of Ministers. This book was released on 2022-05-16 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online: https://pub.norden.org/temanord2022-531/ Climate impacts hit us directly as e.g. floods and forest fires, but also cascade over borders. How can we address these transboundary climate risks (TCRs)? To answer this, the Nordic Council of Ministers commissioned a study. As open economies, the Nordics can be exposed to TCRs. Some key trade partners have medium (e.g. China) or even high (e.g. India) risk. The study dove deeper into six food commodities. For example, climate change affects sources of maize negatively, with risks outweighing opportunities by 28:1. This can mean higher prices or disturbances in supplies. The Nordics are better prepared than most others, but not well enough. There are also important differences among them. The report makes recommendations on how Nordics can better address TCRs together. These include a joint research programme, raising awareness and engaging with the private sector.