Adaptation L3 Flashcards
What is a risk?
the combination of the probability of an event and its negative consequences
What is a hazard?
a dangerous phenomenon, substance, human activity or condition that may cause loss of life,injury or other health impacts, property damage, loss of livelihoods and services, social and economic disruption or environmental damage
What is exposure?
people, property, systems or other elements present in hazard zones that are thereby subject to potential losses
What is vulnerability/
the characteristics or circumstances of a community, system or asset that make it susceptible to the damaging effects of a hazard
What is resilience?
the ability of a system, community or society exposed to hazards to resist, absorb, accommodate to and recover from
What is a response?
Actions taken in response to climate change
can be both mitigation and adaption
What is an example of the following in the context of a flood risk assessment
- probability
-consequence
-characterisation
- risk to people
Probabilty of an extreme hydormeterological condition eg. rainfall, flow, tide level
Consequence - the harm/damage to people and property that occurs during the flood
typically characterised in terms of the depth of flooding that occurs for each property - e.g. house in the flood plain, and the economic damage caused by flooding in a house too that depth - exposure
risk to people are typically characterised in terms of the coverage of insurance
What are some assumptions behind a damage function?
- the flows are stationary - i.e. assuming that future predictions will happen in the same world that we are in today but it is not cc will change the likelihood of damage events happening
- the economics losses are well characterised by the damage function
- economic damage is the only aspect of risk that we are concerned about
What are the three key metrics in quantified risk-based decision making and how do you quantify them?
Benefits are damages avoided relative to the basline
net present value = PV(benefits) -PV(costs)
benefit-cost ratio = PV(benefits)/PV(Costs)
What are some of the challenges associated with a global climate risk assessment?
- non-economic losses are big and difficult to quantify
- damage function is uncertain due to quantity and breadth of risks
- v little information about the future
- limited data about global hazards
In the context of climate change where can risks arise?
from potential impacts of climate change as well as the human responses to climate change
What are the key consideration sin a risk matric for climate and socio-economic processes?
Climate
- nature variability
-anthropogenic climate change
SE
- SE pathways
-adaptation or mitigation actions
-governance
What are the three sides of the three sided propeller by the IPCC?
hazard
vulnerability
exposure
What is a critical characteristic to understand about risks?
risks do not occur in isolation
interact across different sectors, times, spaces and have multiple different response options
time is important because ability to react to risks diminishes if the same risk occurs repeatedly
e.g. pandemic and cc = compound risk or cascading risks - drought leading to lower harvest leading to food insecurity
What is a key risk?
defined as a potentially sever risk and therefore especially relevant to the interpretation of dangerous anthropogenic interference with the climate system