Climate Risks and Opportunities

Climate Risks and Opportunities

After identifying climate risks and opportunities, risk indicators are evaluated based on the degree of impact and probability. After determining the level of risk and opportunity, short-, mid-, and long-term goals are set for mitigation, transfer, control, and acceptance.

Analysis Process for Climate Change Risk Issues

Climate Physical and Transition Scenario Analysis

The physical risk scenario adopts the "Shared Socioeconomic Pathway" (SSP) proposed in the IPCC AR6 (The Sixth Assessment Report of the Intergovernmental Panel on Climate Change), including five scenarios (SSP1, SSP2, SSP3, SSP4, SSP5). In different GHG emission scenarios, domestic annual average temperature, total rainfall, and days without rainfall are used to evaluate physical risks, such as flooding, drought, high temperature, and debris flow, in 2040 to 2060, analyzing the hazard of climate risks. Sources of data include the World Bank (Climate Change Knowledge Portal), Taiwan Climate Change Projection Information and Adaptation Knowledge Platform (TCCIP), and National Science and Technology Center for Disaster Reduction (NCDR). The risk of climate disaster is determined based on the results of key climate change indicators. Please refer to the table below for a summary of scenarios.

Summary of Climate Change Physical Risk Scenario Analysis

Summary of Climate Change Physical Risk Scenario Analysis (Depends on plant and scenario)

Climate Change Physical Risk Adaptation Method