Consistency of UK climate risk approaches with new ISO guidelines
The management of climate-related risks have become increasingly important and more frequently practised across many sectors of society. Concurrently, there has been a proliferation of guidance documents designed to help public, private, and civil society organisations conduct these activities. This...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-01-01
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| Series: | Climate Risk Management |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2212096322000298 |
| _version_ | 1798002644337295360 |
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| author | Pamina Smith Joe Francombe Robert J. Lempert Daniel Gehrt |
| author_facet | Pamina Smith Joe Francombe Robert J. Lempert Daniel Gehrt |
| author_sort | Pamina Smith |
| collection | DOAJ |
| description | The management of climate-related risks have become increasingly important and more frequently practised across many sectors of society. Concurrently, there has been a proliferation of guidance documents designed to help public, private, and civil society organisations conduct these activities. This study compares the UKCIP climate risk management framework and the implementations of climate risk management embodied in CCRA2, TE2100, and Oasis LMF to the new ISO 14091 standard, published in February 2021. We find general consistency among ISO 14091, UKCIP, and the three implementations, but also important differences in focus largely explainable by variations in context and the time at which the approaches were developed. Based on this analysis, the study provides recommendations for various stakeholders. All the approaches could benefit from providing more explicit guidance in certain areas highlighted by the analysis, a suggestion for their respective authoring organisations to consider. Climate risk practitioners may use the findings to determine which approach to use and how depending on their objectives. In addition, UK and other government officials might develop guidance documents to aid practitioners when making these decisions. Finally, the typology of key elements of climate risk approaches developed in our study can help scholars with future research. |
| first_indexed | 2024-04-11T11:55:25Z |
| format | Article |
| id | doaj.art-b274ebc6373648acb1538903dabc7a50 |
| institution | Directory Open Access Journal |
| issn | 2212-0963 |
| language | English |
| last_indexed | 2024-04-11T11:55:25Z |
| publishDate | 2022-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Climate Risk Management |
| spelling | doaj.art-b274ebc6373648acb1538903dabc7a502022-12-22T04:25:10ZengElsevierClimate Risk Management2212-09632022-01-0137100422Consistency of UK climate risk approaches with new ISO guidelinesPamina Smith0Joe Francombe1Robert J. Lempert2Daniel Gehrt3RAND Corporation; Corresponding author at: RAND Corporation, RAND Europe, Cambridge, UK.RAND CorporationRAND CorporationPrognos, AGThe management of climate-related risks have become increasingly important and more frequently practised across many sectors of society. Concurrently, there has been a proliferation of guidance documents designed to help public, private, and civil society organisations conduct these activities. This study compares the UKCIP climate risk management framework and the implementations of climate risk management embodied in CCRA2, TE2100, and Oasis LMF to the new ISO 14091 standard, published in February 2021. We find general consistency among ISO 14091, UKCIP, and the three implementations, but also important differences in focus largely explainable by variations in context and the time at which the approaches were developed. Based on this analysis, the study provides recommendations for various stakeholders. All the approaches could benefit from providing more explicit guidance in certain areas highlighted by the analysis, a suggestion for their respective authoring organisations to consider. Climate risk practitioners may use the findings to determine which approach to use and how depending on their objectives. In addition, UK and other government officials might develop guidance documents to aid practitioners when making these decisions. Finally, the typology of key elements of climate risk approaches developed in our study can help scholars with future research.http://www.sciencedirect.com/science/article/pii/S2212096322000298Climate risk management frameworksClimate risk assessment frameworksClimate risk guidanceDecision supportDecision making under uncertainty |
| spellingShingle | Pamina Smith Joe Francombe Robert J. Lempert Daniel Gehrt Consistency of UK climate risk approaches with new ISO guidelines Climate Risk Management Climate risk management frameworks Climate risk assessment frameworks Climate risk guidance Decision support Decision making under uncertainty |
| title | Consistency of UK climate risk approaches with new ISO guidelines |
| title_full | Consistency of UK climate risk approaches with new ISO guidelines |
| title_fullStr | Consistency of UK climate risk approaches with new ISO guidelines |
| title_full_unstemmed | Consistency of UK climate risk approaches with new ISO guidelines |
| title_short | Consistency of UK climate risk approaches with new ISO guidelines |
| title_sort | consistency of uk climate risk approaches with new iso guidelines |
| topic | Climate risk management frameworks Climate risk assessment frameworks Climate risk guidance Decision support Decision making under uncertainty |
| url | http://www.sciencedirect.com/science/article/pii/S2212096322000298 |
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