CERTIFIED CLIMATE RISK PROFESSIONAL
(CCRP) QUESTION AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A INSTANT
DOWNLOAD PDF
1. Climate risk primarily refers to
A. Market volatility
B. Risks arising from climate change impacts and responses
C. Interest rate risk
D. Credit default risk
Answer: B
Rationale: Climate risk includes physical, transition, and liability risks
linked to climate change and societal responses.
2. Physical climate risk is best described as
A. Regulatory penalties
B. Damage from extreme weather and long-term climate shifts
C. Reputational loss
D. Carbon pricing exposure
Answer: B
Rationale: Physical risks stem from acute events like floods and chronic
changes such as sea-level rise.
3. Transition risk arises mainly from
A. Natural disasters
B. Policy, technology, and market shifts toward low-carbon systems
C. Geological hazards
, D. Demographic change
Answer: B
Rationale: Transition risk reflects changes as economies decarbonize.
4. Liability risk relates to
A. Energy shortages
B. Legal claims for climate-related damages
C. Inflation
D. Supply chain delays
Answer: B
Rationale: Liability risk includes lawsuits against firms for emissions or
failure to adapt.
5. Which sector is most exposed to acute physical risk?
A. Software
B. Agriculture
C. Banking
D. Telecommunications
Answer: B
Rationale: Agriculture is highly sensitive to weather extremes and climate
variability.
6. Chronic physical risk includes
A. Hurricanes
B. Heatwaves
C. Sea-level rise
D. Flood flash events
Answer: C
Rationale: Chronic risks develop over long periods rather than sudden
events.
7. The Task Force on Climate-related Financial Disclosures (TCFD) focuses on
A. Biodiversity reporting
B. Climate-related financial risk disclosure
C. Labor standards
, D. Anti-corruption
Answer: B
Rationale: TCFD provides a framework for climate financial disclosures.
8. Scenario analysis is used to
A. Predict exact outcomes
B. Assess resilience under different climate futures
C. Replace forecasting
D. Eliminate uncertainty
Answer: B
Rationale: Scenarios explore plausible futures rather than precise
predictions.
9. A 1.5°C scenario implies
A. No climate impacts
B. Strong mitigation and rapid decarbonization
C. Business-as-usual emissions
D. Higher fossil fuel use
Answer: B
Rationale: Limiting warming to 1.5°C requires aggressive emissions cuts.
10.Carbon pricing primarily creates
A. Physical risk
B. Transition risk
C. Liability risk
D. Operational risk
Answer: B
Rationale: Carbon pricing affects costs and competitiveness during
transition.
11.Which asset is most vulnerable to stranded asset risk?
A. Wind farms
B. Coal-fired power plants
C. Data centers
D. Water utilities
(CCRP) QUESTION AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A INSTANT
DOWNLOAD PDF
1. Climate risk primarily refers to
A. Market volatility
B. Risks arising from climate change impacts and responses
C. Interest rate risk
D. Credit default risk
Answer: B
Rationale: Climate risk includes physical, transition, and liability risks
linked to climate change and societal responses.
2. Physical climate risk is best described as
A. Regulatory penalties
B. Damage from extreme weather and long-term climate shifts
C. Reputational loss
D. Carbon pricing exposure
Answer: B
Rationale: Physical risks stem from acute events like floods and chronic
changes such as sea-level rise.
3. Transition risk arises mainly from
A. Natural disasters
B. Policy, technology, and market shifts toward low-carbon systems
C. Geological hazards
, D. Demographic change
Answer: B
Rationale: Transition risk reflects changes as economies decarbonize.
4. Liability risk relates to
A. Energy shortages
B. Legal claims for climate-related damages
C. Inflation
D. Supply chain delays
Answer: B
Rationale: Liability risk includes lawsuits against firms for emissions or
failure to adapt.
5. Which sector is most exposed to acute physical risk?
A. Software
B. Agriculture
C. Banking
D. Telecommunications
Answer: B
Rationale: Agriculture is highly sensitive to weather extremes and climate
variability.
6. Chronic physical risk includes
A. Hurricanes
B. Heatwaves
C. Sea-level rise
D. Flood flash events
Answer: C
Rationale: Chronic risks develop over long periods rather than sudden
events.
7. The Task Force on Climate-related Financial Disclosures (TCFD) focuses on
A. Biodiversity reporting
B. Climate-related financial risk disclosure
C. Labor standards
, D. Anti-corruption
Answer: B
Rationale: TCFD provides a framework for climate financial disclosures.
8. Scenario analysis is used to
A. Predict exact outcomes
B. Assess resilience under different climate futures
C. Replace forecasting
D. Eliminate uncertainty
Answer: B
Rationale: Scenarios explore plausible futures rather than precise
predictions.
9. A 1.5°C scenario implies
A. No climate impacts
B. Strong mitigation and rapid decarbonization
C. Business-as-usual emissions
D. Higher fossil fuel use
Answer: B
Rationale: Limiting warming to 1.5°C requires aggressive emissions cuts.
10.Carbon pricing primarily creates
A. Physical risk
B. Transition risk
C. Liability risk
D. Operational risk
Answer: B
Rationale: Carbon pricing affects costs and competitiveness during
transition.
11.Which asset is most vulnerable to stranded asset risk?
A. Wind farms
B. Coal-fired power plants
C. Data centers
D. Water utilities
