By Bernd Hansjürgens, Ralf Antes
Climate swap is likely one of the greatest demanding situations for mankind. even if there's expanding proof that weather switch is already taking place, there's neither adequate wisdom as to what quantity weather swap poses dangers to societies and corporations, nor approximately enough thoughts to deal with those risks.
Bringing jointly a global team of students from environmental economics, political technological know-how and company, this e-book describes, analyses and evaluates weather swap dangers and responses of societies and firms. The e-book contributes to the query of ways weather switch may be mitigated by way of discussing effective and potent layout of mitigation measures, specifically emissions buying and selling and fresh improvement mechanism (CDM). putting detailed emphasis at the influence of weather switch hazards on enterprise, the publication investigates during which means chosen sectors of the economic climate are affected and what measures they could adopt to evolve to weather swap risks.
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Extra resources for Economics and Management of Climate Change Risks, Mitigation and Adaptation
The six possible answers were: • • • • • • The same effort Half the effort of case A in case B Exactly corresponding to the risk (5%) Less than the probability (1%) Nothing, although I would do something in case A In case A I wouldn’t do anything either. In the survey the question was not what the students were willing to do personally, but what they felt would be reasonable for society to do. In a second step the students were asked to answer the same question not just for damages of 10% of the annual income, but for damages of 1% of the annual income, 10% of the annual income, 50% of the annual income, for irreversible damages, for serious health impacts and for loss of human lives.
Risk management aims at providing messages that can be easily understood by the potential users of the information (Schlumpf et al. 2001). As a result, transparency and openness become generally more important (Dessai et al. 2004) as they vastly improve the practical value of forecasting (Suarez and Patt 2004). The aim of the present paper is, therefore, to provide an illustrative example of climate research analysed and presented from a risk management perspective providing approximate, essential and quantitative information that is easy to understand, in this case aimed at the global policy makers responsible for setting climate stabilization targets.
Risks for grid cells where annual runoff is less than 100 mm/year on average during 1961–1990 are not considered. (Such desert areas cannot sustain rain-fed agriculture so that drought is not normally a risk; they also tend to be sparsely populated so the risk of flooding, which certainly exists, can more easily be circumvented). The logic adopted here assumes that both ecosystems and societies are adapted to current climate variability and that a threat mainly comes from a change outside this range, which manifests itself by a major increase in extreme events.