University of Technology Sydney (UTS) launches Centre for Climate Risk and Resilience, helping to address risks ... - Yahoo Finance
University of Technology Sydney (UTS) launches Centre for Climate Risk and Resilience, helping to address risks brought on by climate change
SYDNEY, Feb. 16, 2024 /PRNewswire/ -- Dedicated to assisting businesses in navigating both the physical and transition risks associated with climate change, the Centre for Climate Risk and Resilience (CCRR) strives to be a global leader in impactful research that safeguards ecosystems and local communities.
Led by the distinguished Professor Martina Linnenluecke, a renowned expert in climate change, environmental finance, and sustainability, CCRR is uniquely positioned within UTS Business School to bridge the gap between knowledge and action. The Centre is committed to providing evidence-based research, education, and guidance to policymakers, business leaders, and communities, fostering collaborative efforts to decarbonise the economy and regenerate environmental health.
As global climate change emerges as an existential threat, CCRR recognises the critical role businesses play in transitioning to a low-carbon economy. The Intergovernmental Panel on Climate Change's recent report underscores the imperative for widespread and rapid changes to address the multifaceted impacts on the atmosphere, ocean, cryosphere, and biosphere.
CCRR aligns with UTS Business School's mission to be a socially committed institution fostering innovation, sustainability, and prosperity in a fairer world. The Centre focuses on:
Adaption and Resilience: Examining how organisations and communities can respond to climate change challenges, emphasising nature-based solutions.
Decarbonisation: Identifying effective decarbonisation strategies and technologies for different sectors and regions.
Sustainable Finance: Investigating how financial actors can engage with social and environmental challenges, supporting climate change adaptation and mitigation.
Climate Analytics: Providing data-driven insights to organisations and policymakers for informed decision-making on climate risks and opportunities.
Metrics, Targets, and Disclosure: Focusing on aligning metrics, targets, and disclosure with science-based sustainability goals.
Policy Impacts and Resources: Analysing the economic, social, and environmental impacts of climate policies to design effective responses.
CCRR's commitment to transdisciplinary research and collaboration underscores UTS's vision to deliver transformative benefits for society and the environment. The Centre seeks to lead the transition towards sustainability, providing the knowledge and solutions needed to tackle the complexities of climate change head-on.
The University of Technology Sydney (UTS) is one of the top 100 universities in the world and a leading public university of technology with global impact. Visit discover.uts.edu.au to learn more.
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SOURCE University of Technology Sydney
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”