Risk management approaches to address adverse effects of climate change
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In pursuance of the conclusions reached by the SBI at its twenty-eighth session (FCCC/SBI/2008/8, para 38), the
Secretariat has prepared an information note to review experiences, best practices and lessons learned on risk
management approaches and other appropriate responses to the adverse effects of climate change, in accordance
with Article 4, paragraphs 8 and 9, of the Convention. The production of this information note has led to
the creation of this introductory guide to risk-management approaches that explores the most important
risk-management options available and pilotted today, drawing on a number of case studies.
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Risk management approach to the adverse effects of climate change
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Insurance
According to the Fourth Asssessment Report of the IPCC, there was a rapid increase in weather-related
disasters worldwide between 1980 and 2003. This trend is expected to continue and intensify in
the future, taking a particlarly severe toll in those developing countries that are the poorest and
most vulnerable, such as small island developing states and least developed countries. Insurance
has become a key component of adaptation to climate change and disaster risk reduction because it can
provide economic security and enable vulnerable populations to pool economic losses, thereby mitigating
the impacts of adverse weather events and avoiding knock-on effects. Different types of insurance
schemes are available and described further in here.
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Innovative
technologies
The utilisation and development of environmentally sound technologies is seen as a means to combat the
adverse affects of climate change, in both developing and developed countries. Innovative
technologies have been used as an adaptation option in different economic sectors.
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Economic diversification
Economic diversification may be defined as a process in which a
growing range of economic outputs are produced. Sectors such as tourism, agriculture,
fisheries, forestry and energy production are all sensitive to the adverse effects of climate
change. The negative impacts of climate change on these sectors are of concern to all countries,
especially for those whose economies are primarily driven by climate sensitive sectors.
Examples of best practice and lessons learned are provided for three
key sectors.
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In order to contribute a case study, please contact rmanandhar@unfccc.int.
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