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Risk Management and Climate Change
DR
- DR. AD
ADELLE TH THOMAS CLIMATE CHANGE ADAPTATION AND RESILIENCE RESEARCH CENTRE UNIVERSITY OF THE BAHAMAS
Risk Management and Climate Change DR DR. AD ADELLE TH THOMAS - - PowerPoint PPT Presentation
Risk Management and Climate Change DR DR. AD ADELLE TH THOMAS - - PowerPoint PPT Presentation
Risk Management and Climate Change DR DR. AD ADELLE TH THOMAS CLIMATE CHANGE ADAPTATION AND RESILIENCE RESEARCH CENTRE UNIVERSITY OF THE BAHAMAS Hot Topic What is Risk? Exposure to loss Future from a situation Possibility or
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What is Risk?
Possibility or chance of loss, danger or injury Future uncertainty about deviation from expected earning
- r expected
- utcome
Exposure to loss from a situation affecting a large group of people
- r assets
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Climate Change Risk
HAZARD EXPOSURE VULNERABILITY
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Hazard
Climate-related physical events or trends EXTREME EVENTS SLOW ONSET EVENTS
HAZARD
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Intensify with increasing global temperatures
HAZARD
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Ocean warming and acidification
HAZARD
Now:
- Rate of ocean warming has
doubled
- Marine heatwaves have doubled in
frequency, become longer-lasting, more intense and more extensive
- Oceans have become more acidic
Future:
- Unprecedented conditions
- Extensive warming
- Marine heatwaves 20x more likely
and 10x more intense
- Higher levels of acidification
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HAZARD
Sea level rise projections
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Presence of things of value in places that could be adversely affected
EXPOSURE
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Spatial and Temporal Dimensions
EXPOSURE
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predisposition to be adversely affected; including capacity to cope and adapt
VULNERABILITY
Country Level:
- GDP/ HDI
- Governance structures
- Access to capital
- Reliance on particular
sectors
Household Level:
- Income
- Education
- Gender
- Age
- Social capital
Species Level:
- Sensitivity to
change
- Ability to migrate
- Dependence on
- ther species
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Multi-dimensional
VULNERABILITY
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Climate Change Risk
HAZARD EXPOSURE VULNERABILITY
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Comprehensive Risk Management
- 1. Risk Assessment
- 2. Risk Reduction
- 3. Risk Transfer
- 4. Risk Retention
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- 1. Risk Assessment
Establish nature and extent of risk
- review technical characteristics of
hazards
- Identify exposure of assets
- Vulnerability assessment
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Bahamas: high risk
HAZARD EXPOSURE VULNERABILITY
Sea level rise, storm surges, flooding, hurricanes, coastal erosion, ocean acidification and warming Low elevations, population and assets along the coast Limited adaptation responses, environmental degradation, development pathways
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“The Bahamas is among the top four nations forecast to be hit hardest by rising sea levels… with up to 15 percent of annual GDP and 11 percent
- f its people in peril.”
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- 2. Risk Reduction
Reducing risks through systematic responses
- Limit exposure
- Reduce vulnerability
STRUCTURAL NON-STRUCTURAL physical construction knowledge, practice or agreements
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- 3. Risk Transfer
Shifting consequences of risks to another party
- insurance
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- 4. Risk Retention
Accepting risk and addressing impacts when they
- ccur
- Contingency funds
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Moving forward
- Comprehensive risk
management at all scales
- Widespread climate risk
management
- Climate Change Adaptation
and Resilience Research Centre (CCARR) as a resource
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Adelle.Thomas@ub.edu.bs
ADELLE_SIDS