Effects of climate change on oceansThere are many effects of climate change on oceans. One of the main ones is an increase inocean temperatures. More frequent marine heatwaves are linked to this. The rising temperature contributes to a rise in sea levels. Other effects include ocean acidification, sea ice decline, increased ocean stratification and reductions in oxygen levels. Changes to ocean currents including a weakening of the Atlantic meridional overturning circulation are another important effect. All these changes have knock-on effects which disturb marine ecosystems.
Residual income valuationResidual income valuation (RIV; also, residual income model and residual income method, RIM) is an approach to equity valuation that formally accounts for the cost of equity capital. Here, "residual" means in excess of any opportunity costs measured relative to the book value of shareholders' equity; residual income (RI) is then the income generated by a firm after accounting for the true cost of capital. The approach is largely analogous to the EVA/MVA based approach, with similar logic and advantages.
RiskIn simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is "effect of uncertainty on objectives".
Mediterranean climateA Mediterranean climate (ˌmɛdɪtəˈreɪniən ), also called a dry summer climate, described by Köppen as Cs, is a temperate climate type that occurs in the lower mid-latitudes (normally 30 to 44 north and south latitude). Such climates typically have dry summers and wet winters, with summer conditions ranging from warm to hot and winter conditions typically being mild. These weather conditions are typically experienced in the majority of Mediterranean-climate regions and countries, but remain highly dependent on proximity to the ocean, altitude and geographical location.
Valuation (finance)In finance, valuation is the process of determining the value of a (potential) investment, asset, or security. Generally, there are three approaches taken, namely discounted cashflow valuation, relative valuation, and contingent claim valuation. Valuations can be done for assets (for example, investments in marketable securities such as companies' shares and related rights, business enterprises, or intangible assets such as patents, data and trademarks) or for liabilities (e.g., bonds issued by a company).
Sustainable cityThe sustainable city, eco-city, or green city is a city designed with consideration for social, economic, environmental impact (commonly referred to as the triple bottom line), and resilient habitat for existing populations, without compromising the ability of future generations to experience the same. The UN Sustainable Development Goal 11 defines sustainable cities as those that are dedicated to achieving green sustainability, social sustainability and economic sustainability.
Politics of climate changeThe politics of climate change results from different perspectives on how to respond to climate change. Global warming is driven largely by the emissions of greenhouse gases due to human economic activity, especially the burning of fossil fuels, certain industries like cement and steel production, and land use for agriculture and forestry. Since the Industrial Revolution, fossil fuels have provided the main source of energy for economic and technological development.
UrbanizationUrbanization (or urbanisation) is the population shift from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change. It can also mean population growth in urban areas instead of rural ones. It is predominantly the process by which towns and cities are formed and become larger as more people begin living and working in central areas. Urbanization is often responsible for the myriad of modern problems facing humanity.
Climate movementThe climate movement is a global social movement focused on pressuring governments and industry to take action (also called "climate action") addressing the causes and impacts of climate change. Environmental non-profit organizations have engaged in significant climate activism since the late 1980s and early 1990s, as they sought to influence the United Nations Framework Convention on Climate Change (UNFCCC). Climate activism has become increasingly prominent over time, gaining significant momentum during the 2009 Copenhagen Summit and particularly following the signing of the Paris Agreement in 2016.
Cold waveA cold wave (known in some regions as a cold snap, cold spell or Arctic Snap) is a weather phenomenon that is distinguished by a cooling of the air. Specifically, as used by the U.S. National Weather Service, a cold wave is a rapid fall in temperature within a 24-hour period requiring substantially increased protection to agriculture, industry, commerce, and social activities. The precise criteria for a cold wave are the rate at which the temperature falls, and the minimum to which it falls.
