GARP SCR Exam Preparation

Understanding Climate Risk: Physical and Transition Risks Explained :  Climate risk is usually divided into two broad categories: physical risk and transition risk. Physical risks arise from the physical climate (and weather) impacts that result from the changing climate, whereas transition risks arise from the economic transformation and any dislocation needed to drastically reduce, and eventually eliminate, net greenhouse gas emissions to reach net-zero emissions—a goal that many countries have set for themselves to reach by 2050. Physical risks result from hazards that are usually subdivided into acute and chronic hazards. The former includes weather-related or weather-exacerbated events, whose incidence are increasing with climate change, such as floods, hurricanes, and wildfires. The latter includes gradual, long-term trends such as rising average temperatures and sea levels.  The equivalent drivers of transition risk include factors such as tighter gove...

Test Your Understanding with a FREE Quiz for GARP SCR Certification - Chapter 1   Hello Readers: While I was preparing for the SCR exam, I always wanted to test my understanding after the end of each chapter. The idea was to take the short exam to assess my understanding of each chapter. If there were certain topics that I could not answer correctly, I would go back and study those topics in more detail and more thoroughly.  This is my motivation to help the aspirants of SCR certification with chapter-wise short exams. Try it for FREE and share your feedback.  Please note that the : Short exam has 10 questions based on Chapter-1 The test is self-timed so you will not find a timer on this test.  Email address is required Ready for the exam then? Click on this link to take the short exam I am not perfect and I will be all ears in case you feel that any improvement is required to the quiz.

The Importance of Ecosystem Services for Human Well-being Taking the below data from https://www.nature.scot/scotlands-biodiversity/scottish-biodiversity-strategy-and-cop15/ecosystem-approach/ecosystem-services-natures-benefits and https://capitalscoalition.org/guide_supplement/biodiversity-4/ For the exam aspirants, please refer to the below note and make a mental sketch of the diagram mentioned. There will be few questions that will be based on the below information.

Understanding Greenwashing, Greenwishing, and Sustainability Challenges: GARP SCR Examination   In the last few years, a large section of consumers have become more sustainability conscious. They have been demanding more sustainable products and ready to pay a premium for those goods. Businesses have seized this as an opportunity to ride on the wave of demand for sustainable products and demand a premium pricing. This created a whole new market of "green" financial instruments and products .Some products were produced truly made in a sustainable manner and some were made to appear to be produced sustainably. When the customers realized that they have been falsely informed about a product being sustainable which was not so, there was a deluge of litigations that followed asking for compensation and penalizing the respective businesses. In many countries, Regulators took and taking notice of this and tightened the noose around false advertisements by the busin...

Nature-Based Solutions (NbS) for Climate Change: Insights for GARP SCR Examination  Dear Readers, Today, we are going to discuss about Nature-based solutions (NbS) to address climate change. This is also an important point to note while preparing for GARP SCR examination. According to the definition set by IUCN ( International Union for Conservation of Nature #iucn), Nature-based solutions are actions to protect, sustainably manage, and restore natural or modified ecosystems, that address societal challenges effectively and adaptively, simultaneously providing human well-being and biodiversity benefits. The whole idea is to ensure reduction of greenhouse gases being added to the environment thereby reducing the impact on climate change - and in the process provide benefits to the well being of human-being and biodiversity. For nature-based climate solutions to be viable, the World Wildlife Fund (#wwf ) argues they must: 1) Address climate change and increase ecosys...

Sustainability Sub-Types, Climate Impacts, and Responses: Insights for GARP SCR Examination Hello Readers, In today's post, I am going to discuss about different sustainability sub-types and their relationships. Sustainability sub-types being sustainable development, sustainable consumption, sustainable business, and sustainable investing and ESG; climate impacts; and climate responses. For the aspirations of GARP SCR examination, this post is from Chapter 2 and is an important topic based on which at least 2-3 questions usually come. Please observe below points: 1. "Climate change’s impacts" are cross-cutting and do not just fall within sustainability . Few parts are explicitly under climate change alone. Please see shaded area#1. While shaded areas # 2,3,4,5 are explicitly under Sustainability alone. 2. "Climate policy" falls under sustainable development, but government policies are not typically discussed in terms of ESG, which is a monike...

The Impact of El Nino on Global Weather Patterns and Business Operations   El Nino is baaack! El nino is a naturally occurring weather event which typically happens anywhere between 2-7 years. It is a serious impact on the weather pattern across the globe. It can typically cause extreme weather events across the world and manifest itself in form of forest fires, hurricanes, typhoons, droughts etc.. It is form of physcial climate risk which has material impacts on the business operations and must be paid attention by an organization irrespective of the size. El nino has been in the news for past few weeks 1)Explainer: How El Nino could impact the world's weather in 2023-24 https://www.reuters.com/world/how-el-nino-could-impact-worlds-weather-2023-24-2023-06-08/ 2) As El Nino threatens a hot 2023, Europe is bracing for impacts and shattering records https://globalnews.ca/news/9655331/spain-heatwave-france-eruope-weather-el-nino/ 3)Warning of unprecedented heatwaves as...

Understanding Global Warming Potential (GWP) and Carbon Dioxide Equivalent (CO2e) for GARP SCR Examinations You can expect a question based on the below topic in GARP SCR examinations. Please spare time to understand the concepts Global warming potential (GWP) is a measure of how much infrared radiation (simply "heat") a greenhouse gas ,added to the atmosphere, would absorb over a given timeframe, as a multiple of the radiation that would be absorbed by the same mass of added carbon dioxide (CO2). GWP is 1 for CO2. For other gases it depends on: 1. How strongly the gas absorbs infrared thermal radiation 2. How quickly the gas leaves the atmosphere (Half life period) 3. Time frame being considered for calculting GWP. Carbon dioxide equivalent (CO2e or CO2eq or CO2-e) is calculated from GWP. For any gas, it is the mass of CO2 that would warm the earth as much as the mass of that gas. Thus it provides a common scale for measuring the climate effects of different...

Chapter 1: Understanding Climate Change Impact Areas, Greenhouse Gases, Heat Distribution, and Sea Level Rise   1. Which areas are more impacted due to climate change? 2. Are Greenhouse gases man-made? 3. Where does the majority of heat generated due to greenhouse impact the most? 4. What is causing the sea level to rise? What impact does it have?

Understanding Climate Measurement Proxies for GARP SCR Examination Below is a topic based on which a question can come in GARP SCR examination which tests the climate measurement proxies. In most places, daily weather records have only been kept for the past 100 to 150 years. So, to learn about the climate hundreds to thousands of years ago, scientists need to use other sources, such as trees, corals, and ice cores (layers of ice drilled out of a glacier). 1. Corals: Analysis of the skeletons of these sea creatures can yield climate conditions in the ocean over millions of years. 2. Speleothems (e.g., stalactites and stalagmites): These cave structures can yield estimates of the climate in the region around the cave over the past few hundred thousand years. 3. Ice cores: Measuring the chemical composition of ice (mainly in Greenland and Antarctica) yields estimates of the climate over the past million years or so. 4. Ocean sediment cores: Analyzing the composition of th...

GARP SCR Certification: Strengthen Fundamentals, Understand Concepts, Get Help Embarking on your journey towards mastering the GARP SCR exam? Look no further! I am thrilled to welcome you to this blog, your go-to destination for comprehensive and effective preparation.  📚 Inside my blog's virtual halls, you'll discover a treasure trove of resources tailored to make your GARP SCR exam journey seamless and successful. Here's what awaits you: 🔍 In-Depth Articles: Dive into a wealth of articles covering every nook and cranny of the exam curriculum. I have curated content that simplifies complex topics, providing you with a solid understanding of key concepts. 📝 Free Practice Tests: Sharpen your skills with my meticulously crafted, chapter-wise practice tests. Assess your knowledge, identify strengths, and pinpoint areas that need a bit more love – all at your fingertips! 🧩 Interactive Crosswords: Break the monotony of traditional study methods with my interactive crosswor...