Climate risk management
Encyclopedia
Climate Risk Management (CRM) is a term is used for a large and growing body of work, bridging the climate change adaptation, disaster management and development sectors, amongst many others.
, food security
, water resources
, and health
.
Climate risk management covers a broad range of potential actions, including: early-response systems, strategic diversification, dynamic resource-allocation rules, financial instruments, infrastructure design and capacity building
. But in addition to avoiding adverse outcomes, a climate risk management strategy also aims to maximize opportunities in climate-sensitive economic sectors--for example, farmers who use favorable seasonal forecasts to maximize their crop productivity.
involves negotiations among delegates on climate change framework. Discussions center on mitigation
, adaptation, technology development and transfer, and financial resources and investment.
, the Earth Institute and the Finnish Meteorological Institute
in July, 2006. The meeting was designed to review opportunities and constraints in integrating climate risks and uncertainties into decision-making. A major outcome was the Espoo Statement.
Definition
Climate risk management is a generic term referring to an approach to climate-sensitive decision making. The approach seeks to promote sustainable development by reducing the vulnerability associated with climate risk. CRM involves strategies aimed at maximizing positive and minimizing negative outcomes for communities in fields such as agricultureAgriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
, food security
Food security
Food security refers to the availability of food and one's access to it. A household is considered food-secure when its occupants do not live in hunger or fear of starvation. According to the World Resources Institute, global per capita food production has been increasing substantially for the past...
, water resources
Water resources
Water resources are sources of water that are useful or potentially useful. Uses of water include agricultural, industrial, household, recreational and environmental activities. Virtually all of these human uses require fresh water....
, and health
Health
Health is the level of functional or metabolic efficiency of a living being. In humans, it is the general condition of a person's mind, body and spirit, usually meaning to be free from illness, injury or pain...
.
Climate risk management covers a broad range of potential actions, including: early-response systems, strategic diversification, dynamic resource-allocation rules, financial instruments, infrastructure design and capacity building
Capacity building
Capacity building also referred to as capacity development is a conceptual approach to development that focuses on understanding the obstacles that inhibit people, governments, international organizations and non-governmental organizations from realizing their developmental goals while enhancing...
. But in addition to avoiding adverse outcomes, a climate risk management strategy also aims to maximize opportunities in climate-sensitive economic sectors--for example, farmers who use favorable seasonal forecasts to maximize their crop productivity.
United Nations Framework Convention on Climate Change
The United Nations Framework Convention on Climate ChangeUnited Nations Framework Convention on Climate Change
The United Nations Framework Convention on Climate Change is an international environmental treaty produced at the United Nations Conference on Environment and Development , informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992...
involves negotiations among delegates on climate change framework. Discussions center on mitigation
Mitigation of global warming
Climate change mitigation is action to decrease the intensity of radiative forcing in order to reduce the potential effects of global warming. Mitigation is distinguished from adaptation to global warming, which involves acting to tolerate the effects of global warming...
, adaptation, technology development and transfer, and financial resources and investment.
World Meteorological Organization - Living With Climate
The Living with Climate Conference was co-hosted by the World Meteorological OrganizationWorld Meteorological Organization
The World Meteorological Organization is an intergovernmental organization with a membership of 189 Member States and Territories. It originated from the International Meteorological Organization , which was founded in 1873...
, the Earth Institute and the Finnish Meteorological Institute
Finnish Meteorological Institute
The Finnish Meteorological Institute is the government agency responsible for gathering and reporting weather data and forecasts in Finland. It is a part of the Ministry of Transport and Communications but it operates semi-autonomously....
in July, 2006. The meeting was designed to review opportunities and constraints in integrating climate risks and uncertainties into decision-making. A major outcome was the Espoo Statement.
See also
- VulnerabilityVulnerabilityVulnerability refer to the susceptibility of a person, group, society, sex or system to physical or emotional injury or attack. The term can also refer to a person who lets their guard down, leaving themselves open to censure or criticism...
- Risk managementRisk managementRisk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
- Disaster Risk ReductionDisaster risk reductionDisaster Risk Reduction is a systematic approach to identifying, assessing and reducing the risks of disaster. It aims to reduce socio-economic vulnerabilities to disaster as well as dealing with the environmental and other hazards that trigger them: here it has been strongly influenced by the...
- World Meteorological OrganizationWorld Meteorological OrganizationThe World Meteorological Organization is an intergovernmental organization with a membership of 189 Member States and Territories. It originated from the International Meteorological Organization , which was founded in 1873...
- United Nations Framework Convention on Climate ChangeUnited Nations Framework Convention on Climate ChangeThe United Nations Framework Convention on Climate Change is an international environmental treaty produced at the United Nations Conference on Environment and Development , informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992...
- Finnish Meteorological InstituteFinnish Meteorological InstituteThe Finnish Meteorological Institute is the government agency responsible for gathering and reporting weather data and forecasts in Finland. It is a part of the Ministry of Transport and Communications but it operates semi-autonomously....
- Earth Institute
Further reading
- World Bank- Managing Climate Risk: Integrating Adaptation into World Bank Group Operations
- Climate Risk Management in Africa: Learning from Practice
- Natural Disaster Hotspots Case Studies
- Bridge Over Troubled Waters: Linking Climate Change and Development
- Come Rain or Shine:Integrating Climate Risk Management into African Development Bank Operations