Climate Risk Management

Climate Risk Management

BACKGROUND:

Worldwide efforts are underway to devise and apply strategies to manage these risks effectively. Key challenges in climate risk management include the integration of necessary scientific disciplines, articulating stakeholder values and objectives, and quantifying pivotal uncertainties and trade-offs, all of which are vital for crafting effective management strategies. The paper addresses the intensification of global climate risks driven by accelerating climate change. The authors review these challenges based on existing literature to identify potential avenues to overcome them. 

CONCLUSIONS AND TAKEAWAYS:

The paper concludes that managing climate risks requires an integrated approach that combines interdisciplinary research, stakeholder engagement, and robust decision-making frameworks. Effective climate risk management must navigate deep uncertainties and conflicting stakeholder values to design strategies that are both effective and adaptable. It advocates for continuous improvement in decision-support tools and methodologies to better predict and mitigate the adverse effects of climate change.

Reference: 

Keller K, Helgeson C, Srikrishnan V. Climate Risk Management. Annual Review of Earth and Planetary Sciences. 2021;49(1):95 - 116. doi:10.1146/earth.2021.49.issue-110.1146/annurev-earth-080320-055847.