GARP SCR Ch4: Sustainability and Climate Policy, Culture, and Governance

What was the first international legally binding climate accord to agree on specific emissions reductions?

The Kyoto Protocol (1997)

Which county is responsible for the greatest share of cumulative emissions, and which is responsible for the greatest proportion of current emissions?

The United States for cumulative, China for current

What are the two carbon pricing policies that cover the most sectors economy-wide?

Carbon taxes and cap-and-trade schemes

What is a feed-in tariff?

A guaranteed price per unit of electricity, at which producers can sell for a fixed period of time

Which of the following is an example of a microprudential climate policy?

A. Carbon countercyclical capital buffer

B.Requirement to disclose climate risks

C.Requirement linking compensation with climate goals

D.Ensuring senior executives remove themselves from oversight of climate risks

E.Economy-wide stress testing

Requirement to disclose climate risks

Which of the following is a common climate-related macroprudential policy?

A.Climate stress-test

B.Stranded asset quality review (SAQR)

C.Requirement linking executive pay with climate goals

D.Mandatory firm-level climate metrics and targets

Climate stress-test

What is greenwashing?

Marketing that portrays products or activities as producing positive environmental outcomes when this is not actually the case

Which of the following represents Scope 1 emissions?

Direct emissions from owned or controlled sources

Which of the following is a cross-sectoral climate grouping?

Science-Based Targets Initiative

Which of the following is a conclusion from the Global Assessment Report on Biodiversity and Ecosystem Services?

A.Land degradation has reduced the productivity of 50% of the global land surface

B.Worldwide, plastic pollution has increased tenfold since 1980

C.More than half of the world's land surface is now devoted to agricultural production

D.The value of agricultural crop production has increased by about 100% since 1970

Worldwide, plastic pollution has increased tenfold since 1980