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| climate change risk management: Managing Climate Risks, Facing up to Losses and Damages OECD, 2021-11-01 This report addresses the urgent issue of climate-related losses and damages. Climate change is driving fundamental changes to the planet with adverse impacts on human livelihoods and well-being, putting development gains at risk. |
| climate change risk management: Climate Change and Disaster Risk Management Walter Leal Filho, 2012-08-10 There has been some degree of reluctance in the past to consider disaster risk management within the mainstream of adaptation to climate variability and climate change. However, there is now wide recognition of the need to incorporate disaster risk management concerns in dealing with such phenomena. There is also a growing awareness of the necessity for a multi-sectoral approach in managing the effects of climate variability and climate change, since this can lead to a significant reduction of risk. This book presents the latest findings from scientific research on climate variation, climate change and their links with disaster risk management. It showcases projects and other initiatives in this field that are being undertaken in both industrialised and developing countries, by universities and scientific institutions, government bodies, national and international agencies, NGOs and other stakeholders. Finally, it discusses current and future challenges, identifying opportunities and highlighting the still unrealised potential for promoting better understanding of the connections between climate variation, climate change and disaster risk management worldwide. |
| climate change risk management: Realising the 'Triple Dividend of Resilience' Swenja Surminski, Thomas Tanner, 2016-11-25 Why aren’t we investing more in disaster resilience, despite the rising costs of disaster events? This book argues that decision-makers in governments, businesses, households, and development agencies tend to focus on avoiding losses from disasters, and perceive the return on investment as uncertain – only realised if a somewhat unlikely disaster event actually happens. This book develops a new business case for investment based on the multiple dividends of resilience. This looks beyond only avoided losses (the first dividend) to the wider benefits gained independently of whether or not the disaster event occurs. These include unleashing entrepreneurial activities and productive investments by lowering the looming threat of losses from disasters and enabling businesses, farmers and homeowners to take positive risks (the second dividend); and co-benefits of resilience measures beyond just disaster risk (the third dividend), such as flood embankments in Bangladesh that double as roads, or wetlands in Colombo that reduce urban heat extremes. |
| climate change risk management: A Short Guide to Climate Change Risk Professor Nigel Arnell, 2015-01-28 Climate change poses a risk to business operations and to markets--but at the same time it can bring opportunities for some businesses. With chapters on the nature, science and politics of climate change risk, as well as how to assess, then how to cope with it, and recommendations for incorporating climate change risks into a Company Climate Risk System, this concise guide serves the needs of business students and practitioners across a wide range of sectors, public and private. |
| climate change risk management: Migration, Risk Management and Climate Change: Evidence and Policy Responses Andrea Milan, Benjamin Schraven, Koko Warner, Noemi Cascone, 2016-11-14 This edited volume explores the circumstances under which vulnerable communities can better adapt to climate and environmental change, and focuses in particular on the centrality of migration as a resilience and adaptation strategy for communities at risk. The book features important case studies where migration is being used as a risk management strategy in the Pacific, Sub-Sahara Africa, Latin America, and Europe. Its comparative analysis reveals common patterns in enhancing local resilience through migration across diverse regional, socio-economic, cultural, and political contexts. This book is a contribution to the global discussion about the future of migration policy, especially as climate and environmental change is expected to grow as one of the most pressing challenges of our time. |
| climate change risk management: Coastal Risk Management in a Changing Climate Barbara Zanuttigh, Robert J. Nicholls, Jean-Paul Vanderlinden, Richard C. Thompson, Hans Falk Burcharth, 2014-10-28 Existing coastal management and defense approaches are not well suited to meet the challenges of climate change and related uncertanities. Professionals in this field need a more dynamic, systematic and multidisciplinary approach. Written by an international group of experts, Coastal Risk Management in a Changing Climate provides innovative, multidisciplinary best practices for mitigating the effects of climate change on coastal structures. Based on the Theseus program, the book includes eight study sites across Europe, with specific attention to the most vulnerable coastal environments such as deltas, estuaries and wetlands, where many large cities and industrial areas are located. - Integrated risk assessment tools for considering the effects of climate change and related uncertainties - Presents latest insights on coastal engineering defenses - Provides integrated guidelines for setting up optimal mitigation measures - Provides directly applicable tools for the design of mitigation measures - Highlights socio-economic perspectives in coastal mitigation |
| climate change risk management: Loss and Damage from Climate Change Reinhard Mechler, Laurens M. Bouwer, Thomas Schinko, Swenja Surminski, JoAnne Linnerooth-Bayer, 2018-11-28 This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world. |
| climate change risk management: Economic Risks of Climate Change Trevor Houser, Solomon Hsiang, Robert Kopp, Kate Larsen, Michael Delgado, Amir Jina, Michael Mastrandrea, Shashank Mohan, Robert Muir-Wood, D. J. Rasmussen, James Rising, Paul Wilson, 2015-08-18 Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future. |
| climate change risk management: Climate Change Risk Management in Banks Saloni P. Ramakrishna, 2023-12-04 Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next frontier in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format. |
| climate change risk management: Climate-Resilient Infrastructure Committee on Adaptation to a Changing Climate, 2018 Abstract: Prepared by the Committee on Adaptation to a Changing Climate of ASCE Civil infrastructure systems traditionally have been designed for appropriate functionality, durability, and safety for climate and weather extremes during their full-service lives; however, climate scientists inform us that the extremes of climate and weather have altered from historical values in ways difficult to predict or project. Climate-Resilient Infrastructure: Adaptive Design and Risk Management, MOP 140, provides guidance for and contributes to the developing or enhancing of methods for infrastructure analysis and design in a world in which risk profiles are changing and can be projected with varying degrees of uncertainty requiring a new design philosophy to meet this challenge. The underlying approaches in this manual of practice (MOP) are based on probabilistic methods for quantitative risk analysis, and the design framework provided focuses on identifying and analyzing low-regret, adaptive strategies to make a project more resilient. Beginning with an overview of the driving forces and hazards associated with a changing climate, subsequent chapters in MOP 140 provide observational methods, illustrative examples, and case studies; estimation of extreme events particularly related to precipitation with guidance on monitoring and measuring methods; flood design criteria and the development of project design flood elevations; computational methods of determining flood loads; adaptive design and adaptive risk management in the context of life-cycle engineering and economics; and climate resilience technologies. MOP 140 will be of interest to engineers, researchers, planners, and other stakeholders charged with adaptive design decisions to achieve infrastructure resilience targets while minimizing life-cycle costs in a changing climate |
| climate change risk management: Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation Intergovernmental Panel on Climate Change, 2012-05-28 Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda. |
| climate change risk management: Managing Climate Risk in the U.S. Financial System Leonardo Martinez-Diaz, Jesse M. Keenan, 2020-09-09 This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742 |
| climate change risk management: Managing Extreme Climate Change Risks Through Insurance W. J. Wouter Botzen, 2013-03-28 An examination of how insurance arrangements can contribute to societies' management of the risks of natural disasters in a changing climate. |
| climate change risk management: Toward Resilience Marilise Turnbull, Charlotte L. Sterrett, Amy Hilleboe, 2013 Toward Resilience: A Guide to Disaster Risk Reduction and Climate Change Adaptation is an introductory resource for development and humanitarian practitioners working with populations at risk of disasters and other impacts of climate change. |
| climate change risk management: Climate Extremes and Their Implications for Impact and Risk Assessment Jana Sillmann, Sebastian Sippel, Simone Russo, 2019-11-20 Climate extremes often imply significant impacts on human and natural systems, and these extreme events are anticipated to be among the potentially most harmful consequences of a changing climate. However, while extreme event impacts are increasingly recognized, methodologies to address such impacts and the degree of our understanding and prediction capabilities vary widely among different sectors and disciplines. Moreover, traditional climate extreme indices and large-scale multi-model intercomparisons that are used for future projections of extreme events and associated impacts often fall short in capturing the full complexity of impact systems. Climate Extremes and Their Implications for Impact and Risk Assessment describes challenges, opportunities and methodologies for the analysis of the impacts of climate extremes across various sectors to support their impact and risk assessment. It thereby also facilitates cross-sectoral and cross-disciplinary discussions and exchange among climate and impact scientists. The sectors covered include agriculture, terrestrial ecosystems, human health, transport, conflict, and more broadly covering the human-environment nexus. The book concludes with an outlook on the need for more transdisciplinary work and international collaboration between scientists and practitioners to address emergent risks and extreme events towards risk reduction and strengthened societal resilience. |
| climate change risk management: Management of Weather and Climate Risk in the Energy Industry Alberto Troccoli, 2009-12-21 Meteorological and climate data are indeed essential both in day-to-day energy management and for the definition of production and distribution infrastructures. For instance, the supply of electricity to users can be disturbed by extreme meteorological events such as thunderstorms with unusually strong winds, severe icing, severe cold spells, sea level elevation associated with storm surges, floods ... To be protected against such events, it is not sufficient to act after they have taken place. It is necessary to identify their potential impacts precisely and assess the probability of their occurrence. This book shows that this can only be done through an enhanced dialogue between the energy community and the climate and meteorology community. This implies an in-depth dialogue between actors to define precisely what kind of data is needed and how it should be used. Météo-France has been in long-term cooperation with the energy sector, including the fields of electricity production and distribution. Drawing on this experience, it should be noted in this respect the importance of lo- term partnership between actors as exemplified here by the message of EDF. |
| climate change risk management: Climate Risk and Sustainable Water Management Qiuhong Tang, Guoyong Leng, 2022-04-07 A comprehensive interdisciplinary exploration of climate risks to water security for students, researchers, civil and environmental engineers, and management professionals. |
| climate change risk management: Review of the Draft Fourth National Climate Assessment National Academies of Sciences, Engineering, and Medicine, Division of Behavioral and Social Sciences and Education, Division on Earth and Life Studies, Board on Environmental Change and Society, Board on Atmospheric Sciences and Climate, Committee to Review the Draft Fourth National Climate Assessment, 2018-06-18 Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders. |
| climate change risk management: Sustainability and Financial Risks Marco Migliorelli, Philippe Dessertine, 2020-09-17 Despite growing discussions on the relationship between sustainability and finance, so far little attention has been given to the relation linking sustainability-related risks and financial risks. Climate change, environmental degradation and social inequality, among others factors, may indeed have considerable adverse impacts on financial actors and markets, and even have the potential to harm financial stability. Shedding light on the importance of the nexus between sustainability and financial risks, this book addresses the need for new industry and policy approaches. With insights from a skilled set of scholars in the finance field, this edited collection explores the effects of climate risks on the banking and insurance industries, the problem of stranded assets, the possible corporate risk management frameworks that could be used to control sustainability-related risks, the role of non-financial disclosure in fostering market discipline, and the policy actions needed to integrate sustainability considerations into prudential supervision. Tackling an interdisciplinary topic, this book will appeal to academics and practitioners within the finance, business and sustainability fields. |
| climate change risk management: Information Sources to Support ADB Climate Risk Assessments and Management Asian Development Bank, 2018-09-01 The Asia and Pacific region is vulnerable to extreme temperatures, flooding by heavy rainfall, sea level rise, coastal erosion, and damage by tropical cyclones. This technical note provides information that supports climate risk assessment experts undertaking early stages of project development in the region. The information is grouped into four major categories: inventories of national emissions, climate risks, vulnerability, and impacts; historic weather, climate, and environmental change; regional climate change projections; and climate change impacts and adaptation. The note also identifies opportunities for capacity development in key skills such as geospatial analysis, data testing and post-processing, regional climate downscaling, and impact assessment. |
| climate change risk management: Creating Resilient Futures Stephen Flood, Yairen Jerez Columbié, Martin Le Tissier, Barry O'Dwyer, 2021-11-01 This open access edited volume critically examines a coherence building opportunity between Climate Change Adaptation, the Sustainable Development Goals and Disaster Risk Reduction agendas through presenting best practice approaches, and supporting Irish and international case studies. The Covid-19 pandemic has highlighted existing global inequalities and demonstrated the scope and scale of cascading socio-ecological impacts. The impacts of climate change on our global communities will likely dwarf the disruption brought on by the pandemic, and moreover, these impacts will be more diffuse and pervasive over a longer timeframe. This edited volume considers opportunities to address global challenges in the context of developing resilience as an integrated development continuum instead of through independent and siloed agendas. |
| climate change risk management: Climate Change, Hazards and Adaptation Options Walter Leal Filho, Gustavo J. Nagy, Marco Borga, Pastor David Chávez Muñoz, Artur Magnuszewski, 2020-02-14 This book addresses the issue of climate change risks and hazards holistically. Climate change adaptation aims at managing climate risks and hazards to an acceptable level, taking advantage of any positive opportunities that may arise. At the same time, developing suitable responses to hazards for communities and users of climate services is important in ensuring the success of adaptation measures. But despite this, knowledge about adaptation options, including possible actions that can be implemented to improve adaptation and reduce the impacts of climate change hazards, is still limited. Addressing this need, the book presents studies and research findings and offers a catalogue of potential adaptation options that can be explored. It also includes case studies providing illustrative and inspiring examples of how we can adapt to a changing climate. |
| climate change risk management: America's Climate Choices National Research Council, Division on Earth and Life Studies, Board on Atmospheric Sciences and Climate, Committee on America's Climate Choices, 2011-06-11 Climate change is occurring. It is very likely caused by the emission of greenhouse gases from human activities, and poses significant risks for a range of human and natural systems. And these emissions continue to increase, which will result in further change and greater risks. America's Climate Choices makes the case that the environmental, economic, and humanitarian risks posed by climate change indicate a pressing need for substantial action now to limit the magnitude of climate change and to prepare for adapting to its impacts. Although there is some uncertainty about future risk, acting now will reduce the risks posed by climate change and the pressure to make larger, more rapid, and potentially more expensive reductions later. Most actions taken to reduce vulnerability to climate change impacts are common sense investments that will offer protection against natural climate variations and extreme events. In addition, crucial investment decisions made now about equipment and infrastructure can lock in commitments to greenhouse gas emissions for decades to come. Finally, while it may be possible to scale back or reverse many responses to climate change, it is difficult or impossible to undo climate change, once manifested. Current efforts of local, state, and private-sector actors are important, but not likely to yield progress comparable to what could be achieved with the addition of strong federal policies that establish coherent national goals and incentives, and that promote strong U.S. engagement in international-level response efforts. The inherent complexities and uncertainties of climate change are best met by applying an iterative risk management framework and making efforts to significantly reduce greenhouse gas emissions; prepare for adapting to impacts; invest in scientific research, technology development, and information systems; and facilitate engagement between scientific and technical experts and the many types of stakeholders making America's climate choices. |
| climate change risk management: Handbook Of Disaster Risk Reduction & Management: Climate Change And Natural Disasters Christian N Madu, 2017-07-25 Climate change is increasingly of great concern to the world community. The earth has witnessed the buildup of greenhouse gases (GHG) in the atmosphere, changes in biodiversity, and more occurrences of natural disasters. Recently, scientists have begun to shift their emphasis away from curbing carbon dioxide emission to adapting to carbon dioxide emission. The increase in natural disasters around the world is unprecedented in earth's history and these disasters are often associated to climate changes. Many nations along the coastal lines are threatened by massive floods and tsunamis. Earthquakes are increasing in intensity and erosion and droughts are problems in many parts of the developing countries. This book is therefore to investigate ways to prepare and effectively manage these disasters and possibly reduce their impacts. The focus is on mitigation strategies and policies that will help to reduce the impacts of natural disasters. The book takes an in-depth look at climate change and its association to socio-economic development and cultures especially in vulnerable communities; and investigates how communities can develop resilience to disasters. A balanced and a multiple perspective approach to manage the risks associated with natural disasters is offered by engaging authors from the entire globe to proffer solutions. |
| climate change risk management: Confronting Climate Uncertainty in Water Resources Planning and Project Design Patrick A. Ray, Casey M. Brown, 2015-08-20 Confronting Climate Uncertainty in Water Resources Planning and Project Design describes an approach to facing two fundamental and unavoidable issues brought about by climate change uncertainty in water resources planning and project design. The first is a risk assessment problem. The second relates to risk management. This book provides background on the risks relevant in water systems planning, the different approaches to scenario definition in water system planning, and an introduction to the decision-scaling methodology upon which the decision tree is based. The decision tree is described as a scientifically defensible, repeatable, direct and clear method for demonstrating the robustness of a project to climate change. While applicable to all water resources projects, it allocates effort to projects in a way that is consistent with their potential sensitivity to climate risk. The process was designed to be hierarchical, with different stages or phases of analysis triggered based on the findings of the previous phase. An application example is provided followed by a descriptions of some of the tools available for decision making under uncertainty and methods available for climate risk management. The tool was designed for the World Bank but can be applicable in other scenarios where similar challenges arise. |
| climate change risk management: Transforming Food Systems for a Rising India Prabhu Pingali, Anaka Aiyar, Mathew Abraham, Andaleeb Rahman, 2019-05-14 This open access book examines the interactions between India’s economic development, agricultural production, and nutrition through the lens of a “Food Systems Approach (FSA).” The Indian growth story is a paradoxical one. Despite economic progress over the past two decades, regional inequality, food insecurity and malnutrition problems persist. Simultaneously, recent trends in obesity along with micro-nutrient deficiency portend to a future public health crisis. This book explores various challenges and opportunities to achieve a nutrition-secure future through diversified production systems, improved health and hygiene environment and greater individual capability to access a balanced diet contributing to an increase in overall productivity. The authors bring together the latest data and scientific evidence from the country to map out the current state of food systems and nutrition outcomes. They place India within the context of other developing country experiences and highlight India’s status as an outlier in terms of the persistence of high levels of stunting while following global trends in obesity. This book discusses the policy and institutional interventions needed for promoting a nutrition-sensitive food system and the multi-sectoral strategies needed for simultaneously addressing the triple burden of malnutrition in India. |
| climate change risk management: Climate Change Adaptation in New York City New York City Panel on Climate Change, 2010-06-08 This volume is the New York City Panel on Climate Change (NPCC) 2010 Report. It contains the executive summary, chapters of the report, including the conclusions and recommendations, and three NPCC workbooks as appendices. The NPCC has prepared a set of climate change projections for the New York City region and has examined how climate change has the potential to both positively and negatively affect the critical infrastructure of New York City. It has suggested approaches to create an effective adaptation program for critical infrastructure, including ways to assess risks, prioritize strategies, and examine how standards and regulations may need to be adjusted in a changing climate. |
| climate change risk management: Environmental Hazards Methodologies for Risk Assessment and Management Nicolas R. Dalezios, 2017-02-15 From the beginning of 21st century, there has been an awareness of risk in the environment along with a growing concern for the continuing potential damage caused by hazards. In order to ensure environmental sustainability, a better understanding of natural disasters and their impacts is essential. It has been recognized that a holistic and integrated approach to environmental hazards needs to be attempted using common methodologies, such as risk analysis, which involves risk management and risk assessment. Indeed, risk management means reducing the threats posed by known hazards, whereas at the same time accepting unmanageable risks and maximizing any related benefits. The risk management framework involves evaluating the importance of a risk, either quantitatively or qualitatively. Risk assessment comprises three steps, namely risk identification (data base, event monitoring, statistical inference), risk estimation (magnitude, frequency, economic costs) and risk evaluation (cost-benefit analysis). Nevertheless, the risk management framework also includes a fourth step, risk governance, i.e. the need for a feedback of all the risk assessment undertakings. There is currently a lack of such feedback which constitutes a serious deficiency in the reduction of environmental hazards. This book emphasises methodological approaches and procedures of the three main components in the study of environmental hazards, namely forecasting - nowcasting (before), monitoring (during) and assessment (after), based on geoinformatic technologies and data and simulation through examples and case studies. These are considered within the risk management framework and, in particular, within the three components of risk assessment, namely risk identification, risk estimation and risk evaluation. This approach is a contemporary and innovative procedure and constitutes current research in the field of environmental hazards. Environmental Hazards Methodologies for Risk Assessment and Management covers hydrological hazards (floods, droughts, storms, hail, desertification), biophysical hazards (frost, heat waves, epidemics, forest fires), geological hazards (landslides, snow avalanches), tectonic hazards (earthquakes, volcanoes), and technological hazards. This book provides a text and a resource on environmental hazards for senior undergraduate students, graduate students on all courses related to environmental hazards and risk assessment and management. It is a valuable handbook for researchers and professionals of environmental science, environmental economics and management, and engineering. Editor: Nicolas R. Dalezios, University of Thessaly, Greece |
| climate change risk management: Climate Change and Health Walter Leal Filho, Ulisses M. Azeiteiro, Fátima Alves, 2016-03-24 A major objective of this volume is to create and share knowledge about the socio-economic, political and cultural dimensions of climate change. The authors analyze the effects of climate change on the social and environmental determinants of the health and well-being of communities (i.e. poverty, clean air, safe drinking water, food supplies) and on extreme events such as floods and hurricanes. The book covers topics such as the social and political dimensions of the ebola response, inequalities in urban migrant communities, as well as water-related health effects of climate change. The contributors recommend political and social-cultural strategies for mitigate, adapt and prevent the impacts of climate change to human and environmental health. The book will be of interest to scholars and practitioners interested in new methods and tools to reduce risks and to increase health resilience to climate change. |
| climate change risk management: The Changing Profile of Corporate Climate Change Risk Mark Trexler, Laura Kosloff, 2017-09-08 This book will help business executives to (1) rethink their perceptions of climate risk (2) evaluate whether their company is effectively positioned, and (3) make informed and prudent business decisions about climate change risk in an environment rife with policy uncertainty.Business risk associated with climate change is commonly assumed to be primarily policy driven. Many companies internalize the current stalemate over global climate policy into a perception that climate risk is no longer a critical issue. Business climate risks, however, include: Operational and Supply Chain (Physical) Risk, Brand Risk, Market-driven Structural Risk, Liability Risk.As national and global policy to materially reduce climate change is delayed, it is business-prudent to assume that the level of climate risk is increasing. Even if policy risk might seem lower today than a few years ago, political will can change quickly. Should physical impacts of climate change manifest in dramatic ways, for example, draconian climate policy is likely to follow quickly. These conditions create a complex and shifting business risk environment, and most companies either overlook or substantially underestimate key climate risks. How many companies, for example, are positioned for material climate change outcomes, whether physical or regulatory? Companies with little climate change exposure may not face much downside risk from taking a wait-and-see approach. For those with greater exposure, being too late to respond will mean costs and competitive impacts that could have been avoided. Being too early, however, can mean being penalized later for actions that reduce a company’s emissions today, or competitive disadvantage from getting too far out in front of competitors. |
| climate change risk management: Climate Risk Bob Litterman, 2021-05-25 Climate change is fundamentally a risk management problem Climate Risk examines climate change as a risk management issue, detailing the problems inherent in that necessary but complex perspective. Written by a recognized risk management leader, this book details the impact of climate change on both the current economy, and the economy of future generations. Drawing on the insight of a team of Nobel Prize-winning economists, this informative book outlines the factors that make it difficult to price carbon emissions correctly, discusses the perspectives surrounding carbon emission taxation, and explores the probability of various climate change scenarios in the context of damages and valuation. Readers will find detailed arguments for why risk managers should already be taking climate change seriously, and delve into the economic analysis of this global problem. Pricing climate risk properly is key to making the economy work long-term while also being mindful of the potential tail risk and uncertainty that humans often ignore. People are not very good at making rational decisions about rare outcomes, raising the concern of an overreaction when society finally does react to the risk of climate catastrophe and begins to price it. This book explores the critical question of how much climate risk insurance to buy – that is, where to price carbon dioxide emissions. Examine climate change as a risk management problem Delve into the issues surrounding carbon emission pricing Consider appropriate tax levels for emissions Learn how the future economy will be impacted by climate change Damages from climate change won't hit the economy for a while, and the potential for a low-probability/high-damage scenario is so uncertain that it is only recently being discussed academically. Risk managers must be prepared for what's to come, and Climate Risk begins the conversation with some of the best minds in the industry. |
| climate change risk management: Canada’s Top Climate Change Risks The Expert Panel on Climate Change Risks and Adaptation Potential, 2019-07-04 Canada’s Top Climate Change Risks identifies the top risk areas based on the extent and likelihood of the potential damage, and rates the risk areas according to society’s ability to adapt and reduce negative outcomes. These 12 major areas of risk are: agriculture and food, coastal communities, ecosystems, fisheries, forestry, geopolitical dynamics, governance and capacity, human health and wellness, Indigenous ways of life, northern communities, physical infrastructure, and water. The report describes an approach to inform federal risk prioritization and adaptation responses. The Panel outlines a multi-layered method of prioritizing adaptation measures based on an understanding of the risk, adaptation potential, and federal roles and responsibilities. |
| climate change risk management: Unbreakable Stephane Hallegatte, Adrien Vogt-Schilb, Mook Bangalore, Julie Rozenberg, 2016-11-24 'Economic losses from natural disasters totaled $92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by no other measure than the damage inflicted on buildings, infrastructure, and agricultural production. But $1 in losses does not mean the same thing to a rich person that it does to a poor person; the gravity of a $92 billion loss depends on who experiences it. By focusing on aggregate losses—the traditional approach to disaster risk—we restrict our consideration to how disasters affect those wealthy enough to have assets to lose in the first place, and largely ignore the plight of poor people. This report moves beyond asset and production losses and shifts its attention to how natural disasters affect people’s well-being. Disasters are far greater threats to well-being than traditional estimates suggest. This approach provides a more nuanced view of natural disasters than usual reporting, and a perspective that takes fuller account of poor people’s vulnerabilities. Poor people suffer only a fraction of economic losses caused by disasters, but they bear the brunt of their consequences. Understanding the disproportionate vulnerability of poor people also makes the case for setting new intervention priorities to lessen the impact of natural disasters on the world’s poor, such as expanding financial inclusion, disaster risk and health insurance, social protection and adaptive safety nets, contingent finance and reserve funds, and universal access to early warning systems. Efforts to reduce disaster risk and poverty go hand in hand. Because disasters impoverish so many, disaster risk management is inseparable from poverty reduction policy, and vice versa. As climate change magnifies natural hazards, and because protection infrastructure alone cannot eliminate risk, a more resilient population has never been more critical to breaking the cycle of disaster-induced poverty. |
| climate change risk management: The Routledge Handbook of Disaster Risk Reduction Including Climate Change Adaptation Ilan Kelman, Jessica Mercer, JC Gaillard, 2017-09-19 The Routledge Handbook of Disaster Risk Reduction Including Climate Change Adaptation aims to provide an overview and critique of the current state of knowledge, policy, and practice, encouraging engagement, and reflection on bringing the two sectors together. This long-awaited and welcomed volume makes a compelling case that a common research agenda and a series of practical policies and policy recommendations can and should be put in place. Over 40 contributions explore DRR including CCA in five parts. The first part presents and interrogates much of the typical vocabulary seen in DRR including CCA, not only pointing out the useful and not-so-useful dimensions, but also providing alternatives and positive examples. The second part explains how to move forward creating and supporting positive crossovers and connections, while the third one explores some aspects of multi-dimensional approaches to knowing and understanding. The fourth part argues for a balanced approach to governance, taking both governmental and non-governmental governance, as well as different scales of governance, into consideration. The final part of the Handbook emphasises DRR including CCA as an investment, rather than a cost, and connects its further implementation with livelihoods of people around the world. This handbook highlights the connections amongst the processes of dealing with disasters and dealing with climate change. It demonstrates how little climate change brings which is new and emphasises the strengths of placing climate change within wider contexts in order to draw on all our strengths while overcoming limitations with specialities. It will prove to be a valuable guide for graduate and advanced undergraduate students, academics, policy makers, and practitioners with an interest in disaster risk reduction and climate change. |
| climate change risk management: Managing Adaptation to Climate Risk Geoff O'Brien, Phil O'Keefe, 2013-07-24 Climate change is the single largest threat to the attainment of the Millennium Development Goals (MDGs) and sustainable development. Addressing climate risk is a challenge for all. This book calls for greater collaboration between climate communities and disaster development communities. In discussing this, the book will evaluate the approaches used by each community to reduce the adverse effects of climate change. One area that offers some promise for bringing together these communities is through the concept of resilience. This term is increasingly used in each community to describe a process that embeds capacity to respond to and cope with disruptive events. This emphasizes an approach that is more focused on pre-event planning and using strategies to build resilience to hazards in an adaptation framework. The book will conclude by evaluating the scope for a holistic approach where these communities can effectively contribute to building communities that are resilient to climate driven risks. |
| climate change risk management: Impact of Climate Risk on the Energy System Amy Myers Jaffe, Et Al, 2019-09-13 Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics. |
| climate change risk management: Climate Change, Extreme Events and Disaster Risk Reduction Suraj Mal, R.B. Singh, Christian Huggel, 2017-12-05 This book discusses the science, causes, impacts and risk reduction strategies for climate change and disasters. It focuses on the use of traditional knowledge, new innovation and education to build a culture of safety and resilience at all levels in order to promote sustainable development goals in general and disaster risk reduction in particular. The global climate has changed substantially over the last century. There is strong evidence of global climate change in the form of increase in air and sea surface temperature, recession of glaciers, changes and shifting of climate regimes, increasing number of extreme events and sea levels changes. The increasing frequency of climate change induced disasters in particular is posing a threat to resilience, lives and livelihoods at global, regional and local levels. Major ecosystems of the world have experienced several climate induced disaster events in recent past. This book provides new insights into the occurrence and impacts of climatic extremes and strategies for disaster risk reduction. It includes studies on rainfall and temperature trends, floods and drought disasters, weather and climatic related disasters in mountains, changes in plant activities, risk assessment and responses in different ecosystems of the world. The book is particularly useful for environmental and disaster managers, researchers and graduate students, as well as policy makers. |
| climate change risk management: Handbook of Research on Climate Change and the Sustainable Financial Sector Olarewaju, Odunayo Magret, Ganiyu, Idris Olayiwola, 2021-06-25 Climate change is a major problem, generating both risks and opportunities that will have a direct impact on the economy and the financial sector. In recent years, climate change has threatened both the survival of the financial system and economic development. The growing occurrence of extreme climate events combined with the imprudent nature of economic growth can cause unsustainable levels of harm to the financial sectors. On the other hand, it presents a range of new business challenges. In contrast to the most evident physical risks, companies are vulnerable to transformational risks that arise from the reaction of society to climate change, such as technological change, regulation and markets that can boost the cost of doing business, threats to the profitability of existing goods, or effects on the value of the asset. Climate change also offers new business opportunities, and it has made research in the context of a sustainable financial sector indispensable. The Handbook of Research on Climate Change and the Sustainable Financial Sector focuses on the impacts of climate change on various sectors of the world economy. This book covers how businesses can improve their sustainability, the impact of climate change on the financial sector, and specifically, the impacts on financial services, supply chains, and the socio-economic status of the world. Beyond focusing on the impacts to the financial industry itself, this book assesses how climate change in the financial sector affects the well-being of society in areas such as unemployment, economic recessions, decreases in consumer purchases, and more. This book is essential for stockbrokers, business managers, directors, fund managers, financial analysts, consultants and actuaries, institutional investors, policymakers, practitioners, researchers, academicians, and students interested in a comprehensive view of the impact of climate change on the financial sector. |
| climate change risk management: Managing Climate Change Business Risks and Consequences J. Stoner, 2012-02-29 Although the title of this volume and its major focus will be on one major aspect of global sustainability - climate change - this volume continues with the overall framing of the series: global sustainability is a multi-faceted, global, multi-generational, economic, social, environmental, and cultural phenomenon and challenge to our species. |
| climate change risk management: Adapting to Climate Change Mark Trexler, Laura Kosloff, 2017-09-29 Most companies do not yet recognize what it means to adapt to future climate change, and do not yet see it as a business priority. Adapting to Climate Change tackles two key questions facing decision makers: 1) Is adaptation worth it to me? and 2) If it is worth it, can I really tackle it? If a company has reason to worry about the potential impacts of weather on its operations and supply chains, it probably has cause to worry about climate change. However, adapting to the weather is not the same as incorporating climate change adaptation into corporate planning. In the former a company is managing conditions they are already experiencing. The latter involves preparing for forecasted impacts of climate change. Focusing on today’s weather and not tomorrow’s climate leaves a lot of risk on the table, especially if the climate continues to change faster than many climate models have projected. The uncertainties associated with forecasting climate change on a timeframe and at a scale that is relevant to corporate decision making can appear daunting. It is not necessary, however, to have perfect information to advance corporate preparedness for and resilience to climate change. Companies can improve their ability to make robust decisions under conditions of uncertainty without perfect information. A Bayesian approach to reducing uncertainty over time can cost-effectively support companies in understanding and managing many potential climate risks and can avoid the need to depend on future predictions. Instead, initial effort can focus on where a company will have confidence in its analysis and the ability to influence its level of risk, namely in assessing its exposure and vulnerability to climate hazards. As the hazards themselves become more clear, risk management strategies can be quickly adapted. |
Climate - World Meteorological Organization
May 27, 2025 · The WMO Climate Services Information System (CSIS) is the principal mechanism through which information about climate – past, present and future – is routinely …
Climate change - World Meteorological Organization
May 28, 2025 · Climate change is the term used to describe changes in the state of the climate that can be identified by changes in the average and/or the variability of its properties and that …
State of the Climate 2024 Update for COP29 - wmo.int
The WMO State of the Climate 2024 Update once again issues a Red Alert at the sheer pace of climate change in a single generation, turbo-charged by ever-increasing greenhouse gas levels …
2024 State of Climate Services - wmo.int
The State of Climate Services report says that in 2024, one third of National Meteorological and Hydrological Services (NMHSs) provide climate services at an ‘essential’ level, and nearly one …
Climate change impacts grip globe in 2024 - wmo.int
Climate change impacts gripped the globe in 2024, with cascading impacts from mountain peaks to ocean depths and on communities, economies and the environment. Canva The year 2024 …
WMO Global Annual to Decadal Climate Update (2025-2029)
May 28, 2025 · The WMO Global Annual to Decadal Climate Update (2025–2029) projects that global temperatures are expected to continue at or near record levels in the next five years, …
State of the Climate in Africa 2024 - wmo.int
May 12, 2025 · The Key Climate Indicators dashboard is a companion to the State of the Climate in Africa reports. State of the Climate in Africa 2024: Figures Figures as annexes to the State of …
State of the Global Climate 2024 - public.wmo.int
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Global Climate Observing System (GCOS)
The Global Climate Observing System (GCOS) is co-sponsored by the World Meteorological Organization (WMO), the Intergovernmental Oceanographic Commission of the United Nations …
About Essential Climate Variables - gcos.wmo.int
GCOS Climate monitoring principles. The GCOS Climate Monitoring Principles are intended to provide guidance to those involved in the design, development, deployment, and management …
Climate - World Meteorological Organization
May 27, 2025 · The WMO Climate Services Information System (CSIS) is the principal mechanism through which information about climate – past, present and future – is routinely …
Climate change - World Meteorological Organization
May 28, 2025 · Climate change is the term used to describe changes in the state of the climate that can be identified by changes in the average and/or the variability of its properties and that …
State of the Climate 2024 Update for COP29 - wmo.int
The WMO State of the Climate 2024 Update once again issues a Red Alert at the sheer pace of climate change in a single generation, turbo-charged by ever-increasing greenhouse gas …
2024 State of Climate Services - wmo.int
The State of Climate Services report says that in 2024, one third of National Meteorological and Hydrological Services (NMHSs) provide climate services at an ‘essential’ level, and nearly one …
Climate change impacts grip globe in 2024 - wmo.int
Climate change impacts gripped the globe in 2024, with cascading impacts from mountain peaks to ocean depths and on communities, economies and the environment. Canva The year 2024 …
WMO Global Annual to Decadal Climate Update (2025-2029)
May 28, 2025 · The WMO Global Annual to Decadal Climate Update (2025–2029) projects that global temperatures are expected to continue at or near record levels in the next five years, …
State of the Climate in Africa 2024 - wmo.int
May 12, 2025 · The Key Climate Indicators dashboard is a companion to the State of the Climate in Africa reports. State of the Climate in Africa 2024: Figures Figures as annexes to the State …
State of the Global Climate 2024 - public.wmo.int
Supplement: State of Climate Services 2024. Supplement: Significant Weather & Climate Events 2024. The clear signs of human-induced climate change reached new heights in 2024, which …
Global Climate Observing System (GCOS)
The Global Climate Observing System (GCOS) is co-sponsored by the World Meteorological Organization (WMO), the Intergovernmental Oceanographic Commission of the United …
About Essential Climate Variables - gcos.wmo.int
GCOS Climate monitoring principles. The GCOS Climate Monitoring Principles are intended to provide guidance to those involved in the design, development, deployment, and management …
