“…The risks that climate change poses to the balance sheets of financial institutions are real and physical (Chen 2018). The risks can come from the fact that financial institutions have assets and liabilities vulnerable to climate change, such as real estate and infrastructure in areas prone to natural disasters (Kedward et al 2022). Also, banks and insurance companies that back assets vulnerable to physical climate risks, like crops that do not grow, are vulnerable to direct physical risks (Bowman 2010).…”
Section: Climate Risks and Financial Stabilitymentioning
This study examines the nexus between financial stability, climate risks, GHG emission mitigation, and green economic recovery of China. Financing efforts to protect against and reduce the hazards associated with climate change need to consider these risks and resources. Study used the Kalman technique of analysis for empirical inference. This research focuses on the carbon risk in China by employing a Kalman estimation approach. Although environmental mitigation was found to be important at 39%, financial strength and carbon hazards were considerable at 34%. Moreover, the report demonstrates the relationship between climatic threats and environmental drift in China, at a rate of 17%, emphasizing the need to address climate change issues. A state’s fiscal health guarantees national economic security while pursuing green economic recovery initiatives. Researchers concluded that precise policy suggestions were needed to promote green economic development.
“…The risks that climate change poses to the balance sheets of financial institutions are real and physical (Chen 2018). The risks can come from the fact that financial institutions have assets and liabilities vulnerable to climate change, such as real estate and infrastructure in areas prone to natural disasters (Kedward et al 2022). Also, banks and insurance companies that back assets vulnerable to physical climate risks, like crops that do not grow, are vulnerable to direct physical risks (Bowman 2010).…”
Section: Climate Risks and Financial Stabilitymentioning
This study examines the nexus between financial stability, climate risks, GHG emission mitigation, and green economic recovery of China. Financing efforts to protect against and reduce the hazards associated with climate change need to consider these risks and resources. Study used the Kalman technique of analysis for empirical inference. This research focuses on the carbon risk in China by employing a Kalman estimation approach. Although environmental mitigation was found to be important at 39%, financial strength and carbon hazards were considerable at 34%. Moreover, the report demonstrates the relationship between climatic threats and environmental drift in China, at a rate of 17%, emphasizing the need to address climate change issues. A state’s fiscal health guarantees national economic security while pursuing green economic recovery initiatives. Researchers concluded that precise policy suggestions were needed to promote green economic development.
“…NbS proposed for carbon sequestration, and their financing, must meet ecosystem-based and social justice criteria. Planning of conservation and climate actions must also consider the influence of harmful financial incentives, risks posed by complex interactions, and positive economic and social effects (Kedward et al, 2022). This alignment of actions may only be feasible through integrating work programs and decisions of the climate and biodiversity conventions, and their instruments (two-thirds of the post-2020 biodiversity actions of the CDR directly support climate goals) (Shin et al, 2022) and other conventions under the framework of the SDGs (three-quarter of SDG targets are positively related to at least one NbS in a given ecosystem) (Mariani et al, in revision).…”
Section: Resultsmentioning
confidence: 99%
“…This alignment of actions may only be feasible through integrating work programs and decisions of the climate and biodiversity conventions, and their instruments (two-thirds of the post-2020 biodiversity actions of the CDR directly support climate goals) (Shin et al, 2022) and other conventions under the framework of the SDGs (three-quarter of SDG targets are positively related to at least one NbS in a given ecosystem) (Mariani et al, in revision). This is needed to inform consultations on the post-2030 agenda.Reform-dominant economic and sociopolitical systems that drive climate change and biodiversity loss (Dasgupta, 2021); for example, through re-appraising indicators of economic and social development (European Parliament, 2023) and better addressing systemic biodiversity and climate-related risks (Kedward et al, 2022) (Box 5).Example: Coral reefs threatened by climate change and biodiversity loss Coral reefs are among the first ecosystems being driven to collapse globally, by multiple interacting drivers. Of the 11 Western Indian Ocean ecoregions, four are ‘critically endangered’, three are ‘endangered’ and four are ‘vulnerable’ to collapse over a 50 year period (Figure 5; Obura et al, 2021).…”
Section: Resultsmentioning
confidence: 99%
“…NbS proposed for carbon sequestration, and their financing, must meet ecosystem-based and social justice criteria. Planning of conservation and climate actions must also consider the influence of harmful financial incentives, risks posed by complex interactions, and positive economic and social effects (Kedward et al, 2022).…”
Non-technical summary. We identify a set of essential recent advances in climate change research with high policy relevance, across natural and social sciences: (1) looming inevitability and implications of overshooting the 1.5°C warming limit, (2) urgent need for a rapid and managed fossil fuel phase-out, (3) challenges for scaling carbon dioxide removal, (4) uncertainties regarding the future contribution of natural carbon sinks, (5) intertwinedness of the crises of biodiversity loss and climate change, (6) compound events, (7) mountain glacier loss, (8) human immobility in the face of climate risks, (9) adaptation justice, and (10) just transitions in food systems. Technical summary. The Intergovernmental Panel on Climate Change Assessment Reports provides the scientific foundation for international climate negotiations and constitutes an unmatched resource for researchers. However, the assessment cycles take multiple years. As a contribution to cross-and interdisciplinary understanding of climate change across diverse research communities, we have streamlined an annual process to identify and synthesize significant research advances. We collected input from experts on various fields using an online questionnaire and prioritized a set of 10 key research insights with high policy relevance. This year, we focus on: (1) the looming overshoot of the 1.5°C warming limit, (2) the urgency of fossil fuel phase-out, (3) challenges to scale-up carbon dioxide removal, (4) uncertainties regarding future natural carbon sinks, (5) the need for joint governance of biodiversity loss and climate change, (6) advances in understanding compound events, (7) accelerated mountain glacier loss, (8) human immobility amidst climate risks, (9) adaptation justice, and (10) just transitions in food systems. We present a succinct account of these insights, reflect on their policy implications, and offer an integrated set of policy-relevant messages. This science synthesis and science communication effort is also the basis for a policy report contributing to elevate climate science every year in time for the United Nations Climate Change Conference. Social media summary. We highlight recent and policy-relevant advances in climate change researchwith input from more than 200 experts.
“…According to Kourilsky [52], the importance of entrepreneurship education revolves around three key themes: the need for such education, the availability of educational avenues for fostering "job creation," and the resulting economic growth through employment creation. As Kedward et al [53] emphasize, entrepreneurship education plays a critical role in shaping students' career decisions in the twentyfirst century.…”
Entrepreneurship education is changing dramatically due to rapid technological advancements and transformative business models. This study investigates the interactions and implications of existing frameworks and practices that link disruptive innovation with entrepreneurship education. The research employs a comprehensive literature review from 2019 to 2023, to synthesize detailed analyses for investigating the interplay of these concepts. Entrepreneurship education fosters the ability to recognize and capitalize on innovative opportunities, whereas disruptive innovation emphasizes value creation through norm-breaking when aligned with entrepreneurial principles. Effective entrepreneurship education can drive new businesses and revitalize existing ones by enabling individuals to capitalize on disruptive breakthroughs. However, incorporating disruptive innovation into courses is challenging. Traditional education may fail to capture the dynamic nature of disruptive innovation, and risk-averse academic environments may stifle experimentation. Innovative teaching methods that balance basic business concepts with disruptive thinking are essential. Finally, a new generation of entrepreneurs can be developed by combining disruptive innovation and entrepreneurship education. Individuals can capitalize on opportunities for economic growth by infusing programmers with disruptive principles. The study identifies five key components of convergence: (i) technology-enabled virtual learning environments (VLEs), (ii) online distance learning (ODL), (iii) digitalization in entrepreneurship education, (iv) competency-based education (CBE) that fosters Business Model Innovation, and (v) experience-based learning in entrepreneurial education. This paper examines the role of disruptive innovation in entrepreneurial education, proposing research directions and highlighting unresolved areas for investigation.
Keywords: business model, disruptive innovation, entrepreneurship education, technology, online distance learning
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