E - Risk Based Decision-Making

Parents

E - Decisionmaking Top Level

Children

"Risk Based" defined as consideration of a broader range than a "most likely" future
1. Explaining
10. The Dance of 6 billion risk thermostats
200X Expected versus long-tail risks\
200X Risk and opportunity - just the flip side of the same coin?
200X Understanding risk
2010 7 Step climate change strategy
2010 Companies need to move toward integrated carbon management systems
2010 E&Y's climate management triangle
2011 10 Steps to Implementing a Risk Management Framework
2011 A risk based climate strategy
2011 The case for business risk management
2012 A range of approaches exist to reducing these climate risks
2014 Business climate collision course
2020 Risk probability vs. magnitude
3. Virtual risks are products of the imagination that work on the imagination. The greater the uncertainty, the more important perceptual filters through which the world is viewed
4. Process
5. In peacetime, Navy goes for risk As Low as Reasonably Practical ALARP. In war, goes for victory (reward)
6. 1983 Royal Society suggested risk can be managed scientifically and rationally
7. 1992 Another Royal Society report, but a "contribution to the debate" between scientists and social scientists
8. There are three categories of risk.
9. Risk is almost always an interactive phenomenon
Also true for Dept. of Environment in looking at risk management
Attaching personal traits to the typology
climate risk management framework
Corporate risk management - 1988
Deep uncertainties lead a unique challenge in preparing for SLR. It requires a risk-based approach
Directly perceptible risk - riding a bike - dealt with instinctively and intuitively. Don't conduct a formal proababilistic risk assessment to cross the road.
Egalitarian
Explaining the typology
Fatalist
Figure SPM.1
Figure SPM.3
Figure SPM.8
Framework for assessing and addressing "total climate risk"
GHG emissions and climate risk management
Hierarchist
How ERM and Climate risk fit together
Individualist
Insurance can moderate or negate the economic impacts of disasters
Managing and Adapting to Extreme Event Risk is a Complicated Picture
Managing information
Most risks being managed are virtual risks
Page from navy Ship Safety Management Manual
Relatively modest mitigation takes tail risk off the table
risk 23
Risk management options by investment stage and actor
Risk perceived through science - e.g. cholera. Need microscope to see it, and scientific training to understand it.
sectoral breakdown of risk management activities
The climate risk continuum
The evolution of risk management
The Playbook for Defense Against Climate Risk
There is a holistic approach to utility risk positioning
top climate risk management activities
Virtual risk - scientists just don't know, or reputable scientists disagree

Jumps

I - RiskBasedDecisionMaking

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