Author: Climate Risk Analysis
Year of publication: 2014
Available languages: English
Type of assessment: Post-disaster risk assessment
Details: Analysis and risk estimation of extreme events
Format of assessment: Software
Estimated costs for conducting: The nominal list price of the software is 900 EUR (plus VAT)
Estimated duration of assessment: No information
To be carried out by whom: Private individuals and firms
Institutional scale of use: No information
Assesment to be used by which target audience: No information
Output: Report
Details: Interactive graphs
Region of origin: Europe
Developed by which sector: Private sector
Applied in practice: Yes
Geographic coverage in analysis: Europe
Potential geographic coverage: Worldwide
Sectors covered: Not sector specific
Details: Several customized sectors
Method used: Quantitative model
Description of methodology: Analyzation of time-series by: extraction of time intervals of interest; robust detection of extreme events; separation of events into magnitude classes for detailed analysis; test for nonstationarity and estimation of time-dependent risk; performance of bootstrap simulations for confidence band construction
Risk framework used: No explicit use of risk framework
Risk components incorporated: Risk
Hazards and impacts considered in the assessment: All hazards
Details: Customised hazard consideration (eg: extreme events, flood, drought, heatwave)
Source of required data: Secondary (available data is used)
Details: Caliza can process three types of data: Ordinary: a times series (time and measured value) where the value of the climate variable is affected by both extreme events and background influence; Extreme: a time series consisting only of extremes; Extreme series: a series with just the date of an extreme known (e.g. hurricane date)
Temporal scale: Forward looking
Participatory elements: No
Consideration of interconnectedness and -dependencies of risks: No
Adressing uncertainty: No information
Scope of assessment: Identification of risks
Details: Risk estimation of extreme events
Economic/Non-Economic losses incorporated: No information
Applicability for entire risk spectrum (from extreme weather events to slow onset processes): No
Recommendations for Adaptation measures included in Climate Risk Assessment: No information
Usefulness for political purposes: The role of Caliza™ and its predecessor, XTREND, in the study of climate risk, has been frequently noted in professional journals which have a high impact on the climate change industry
Applied by whom: Mudelsee, M. et al.
Open access: Only methodology of the digital tool is open access