Quantifying transnational climate impact exposure: New perspectives on the global distribution of climate risk

Organizational

General Information:

Author: Hedlund, J. et al.

Year of publication: 2018

Available languages: English

Details of Assessment:

Type of assessment: Vulnerability assessment

Format of assessment: Scientific article

Estimated costs for conducting: No information

Estimated duration of assessment: No information

To be carried out by whom: Scientists/researchers

Institutional scale of use: Global

Assesment to be used by which target audience: Multiple actors

Details: Researchers, national and regional decision makers

Output: Others (see details)

Details: Report, vulnerability maps and graphs

Methodological

Coverage & Methodology:

Region of origin: Europe

Developed by which sector: Science

Applied in practice: Yes

Geographic coverage in analysis: Worldwide

Potential geographic coverage: Worldwide

Sectors covered: Financial sector, Biodiversity, Commercial sector

Details: 4 risk pathways are analysed referring to ecosystems, financial flows, mobility of people, flows of goods and services

Method used: Index development

Description of methodology: Transnational Climate Impacts Index (TCI). 9 indicators representing 4 pathways (Biophysical pathway, Finance pathway, People Pathway, Trade Pathway) were established (indicator selection was impacted by data availability). These indicators were climate-weighted by using the ND_GAIN Index on climate vulnerbaility. Then spatial analysis was performed to identify clustering

Risk framework used: No explicit use of risk framework

Risk components incorporated: Vulnerability

Details: Here defined as exposure to impacts

Hazards and impacts considered in the assessment: Changing precipitation patterns, Changing temperature patterns, Loss of biodiversity, Extreme temperatures, Extreme rainfall, Drought, Flood, Wildfire

Source of required data: Secondary (available data is used)

Details: Comprehensive data on country level representing the indicators

Temporal scale: Backward looking

Participatory elements: No

Consideration of interconnectedness and -dependencies of risks: Yes

Adressing uncertainty: No

Scope of assessment: Identification of risks

Relevance for losses and damages:

Economic/Non-Economic losses incorporated: Both

Applicability for entire risk spectrum (from extreme weather events to slow onset processes): Partly

Details: Depending on the data

Applicability

Recommendations for Adaptation measures included in Climate Risk Assessment: No

Applied by whom: Hedlund, J. et al.

Open access: Subscription required