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Published on: July 24, 2016
Addressing path dependencies in decision-making processes for operationalizing compound climate-risk management.
Thomas Thaler1,2, Susanne Hanger-Kopp1,3, Thomas Schinko1
1Population and Just Societies Program, International Institute for Applied Systems Analysis, Laxenburg, Austria.
Current risk management, focused on single hazards, struggles with compound risks. Adapting these strategies is crucial to avoid negative side effects and prevent worsening social inequalities.
Area of Science:
- Environmental Science
- Sociology
- Risk Management
Background:
- Traditional risk management historically addresses single hazards, leading to path dependency.
- This single-hazard focus hinders adaptation to complex, compound risks.
- Current practices often overlook the interconnectedness of risks and their management.
Purpose of the Study:
- To argue for the necessity of a compound risk governance system.
- To highlight the limitations of single-hazard risk management.
- To underscore the impact of compound risks on societal inequalities.
Main Methods:
- Analysis of historical risk management strategies.
- Examination of path dependencies in risk management.
- Assessment of side effects of single-hazard management on other risks and inequalities.
Main Results:
- Single-hazard strategies are difficult to adapt to compound risks.
- Lack of compound risk attention leads to overlooked management strategies and side effects.
- Existing and new social inequalities are intensified by inadequate compound risk management.
Conclusions:
- Risk management must explicitly address path dependencies.
- The positive and negative side effects of single-hazard management need highlighting.
- Transitioning to compound-risk management is essential to mitigate societal inequalities.
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