Risks Flashcards
(15 cards)
What is the impact of loadshedding on communities (3 facets and explanation)
Health Care facilities:
Equipment destruction
Surgical backlogs
Exposure to criminal activities
Households:
Additional costs
Risk to devices
Education and schools:
Some schools poorly lit
Difficulty teaching
What is the impact of loadshedding on business (2)
Production:
Mining
Agriculture - Impact on irrigation etc.
Cost of idle production capacity
Retail:
High diesel cost
Damage to equipment
What are the impacts of loadshedding on the economy (3)
Decline in employment
Reduction in GDP
Downgrading of economy by rating agencies
What are the 3 possible effects of war
Loss of human lives
Loss of infrastructure
Economic loss
What are the direct effects of war on business (3)
Loss of life - Employees and customers
Destruction of infrastructure, buildings etc.
Economic effect of psychological costs…
What are the indirect effects of war on business
Cost of doing business is raised:
Less demand
Higher transaction cost
Decline in FDI
Decrease in GDP
Look through slides about effects of war and 9/11 etc.
What are the 4 types of climate action
Adaptation and resilience
Mitigation
Loss and damages
Climate and carbon finance
What is meant by adaptation
It addresses minimising climate change’s impacts
What is meant by mitigation
Addresses the causes of climate change
What is meant by loss and damages
The negative effects despite mitigation and adaptation efforts
Unavoidable and irreversible impacts of climate change
What is meant by climate and carbon finace
Climate finance - All finances addressing the causes and consequences of climate change
Carbon finance - Places a financial value on carbon emissions
What are the 3 types of risks of climate change
Physical risks
Transitional risks
Liability risk
What are the direct effects on business of climate change
Physical damage to people, property and critical infrastructure
Increased costs
What are the indirect effects on business of climate change
Cost of doing business is raised:
Changes in technology
New policies, laws and other regulations
Evolving legal disputes
Reputational risk
