Characterizing Risk in Climate Change Assessments

Characterizing Risk in Climate Change Assessments
Title Characterizing Risk in Climate Change Assessments PDF eBook
Author National Academies of Sciences, Engineering, and Medicine
Publisher National Academies Press
Pages 101
Release 2016-11-25
Genre Science
ISBN 0309445515

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The U.S. Global Change Research Program (USGCRP) was established in 1990 to "assist the Nation and the world to understand, assess, predict, and respond to human-induced and natural processes of global change."1 A key responsibility for the program is to conduct National Climate Assessments (NCAs) every 4 years.2 These assessments are intended to inform the nation about "observed changes in climate, the current status of the climate, and anticipated trends for the future." The USGCRP hopes that government entities from federal agencies to small municipalities, citizens, communities, and businesses will rely on these assessments of climate- related risks for planning and decision-making. The third NCA (NCA3) was published in 2014 and work on the fourth is beginning. The USGCRP asked the Board on Environmental Change and Society of the National Academies of Sciences, Engineering, and Medicine to conduct a workshop to explore ways to frame the NCA4 and subsequent NCA reports in terms of risks to society. The workshop was intended to collect experienced views on how to characterize and communicate information about climate-related hazards, risks, and opportunities that will support decision makers in their efforts to reduce greenhouse gas emissions, reduce vulnerability to likely changes in climate, and increase resilience to those changes. Characterizing Risk in Climate Change Assessments summarizes the presentations and discussions from the workshop.

Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making

Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making
Title Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making PDF eBook
Author M. Granger Morgan
Publisher DIANE Publishing
Pages 156
Release 2009-05
Genre
ISBN 1437912605

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This report is one of 21 Synthesis and Assessment Products commissioned by the U.S. Climate Change Science Program as part of an effort to integrate fed. research on climate change and to facilitate a nat. understanding of the critical elements of climate change. Most of these reports are focused on specific substantive issues in climate science, impacts and related topics. In contrast, the focus of this report is methodological. This report provides a tutorial to the climate analysis and decision-making communities on current best practice in describing and analyzing uncertainty in climate-related problems. While the language is semi-technical, much of it should also be accessible to non-expert readers who are comfortable with the treatment of technical topics. Illus.

Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making : Synthesis and Assessment Product 5.2 Report

Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making : Synthesis and Assessment Product 5.2 Report
Title Best Practice Approaches for Characterizing, Communicating and Incorporating Scientific Uncertainty in Climate Decision Making : Synthesis and Assessment Product 5.2 Report PDF eBook
Author
Publisher
Pages 96
Release 2009
Genre Atmospheric ozone
ISBN

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Climate Extremes and Their Implications for Impact and Risk Assessment

Climate Extremes and Their Implications for Impact and Risk Assessment
Title Climate Extremes and Their Implications for Impact and Risk Assessment PDF eBook
Author Jana Sillmann
Publisher
Pages 378
Release 2019-11
Genre
ISBN 0128148950

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Climate extremes often imply significant impacts on human and natural systems, and these extreme events are anticipated to be among the potentially most harmful consequences of a changing climate. However, while extreme event impacts are increasingly recognized, methodologies to address such impacts and the degree of our understanding and prediction capabilities vary widely among different sectors and disciplines. Moreover, traditional climate extreme indices and large-scale multi-model intercomparisons that are used for future projections of extreme events and associated impacts often fall short in capturing the full complexity of impact systems. Climate Extremes and Their Implications for Impact and Risk Assessment describes challenges, opportunities and methodologies for the analysis of the impacts of climate extremes across various sectors to support their impact and risk assessment. It thereby also facilitates cross-sectoral and cross-disciplinary discussions and exchange among climate and impact scientists. The sectors covered include agriculture, terrestrial ecosystems, human health, transport, conflict, and more broadly covering the human-environment nexus. The book concludes with an outlook on the need for more transdisciplinary work and international collaboration between scientists and practitioners to address emergent risks and extreme events towards risk reduction and strengthened societal resilience. Provides an overview about past, present and future changes in climate and weather extremes and how to connect that knowledge to impact and risk assessment under global warming Presents different approaches to assess societal-relevant impacts and risk of climate and weather extremes, including compound events, and the complexity of risk cascades and the interconnectedness of societal risk Features applications across a diversity of sectors, including agriculture, health, ecosystem services and urban transport

A Short Guide to Climate Change Risk

A Short Guide to Climate Change Risk
Title A Short Guide to Climate Change Risk PDF eBook
Author Nigel Arnell
Publisher Routledge
Pages 152
Release 2017-03-02
Genre Business & Economics
ISBN 135196187X

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Climate change poses a risk to business operations and to markets, and a poor business response to this risk can lead to reputational damage, or worse. At the same time, climate change can bring opportunities for some businesses. In this addition to Gower’s series of Short Guides to Business Risk, Professor Arnell, one of the world’s leading experts in the field, reviews this critical area of risk posed to businesses and other organisations by climate change and considers how they can respond to this threat. A Short Guide to Climate Change Risk focuses on the impacts and consequences of climate change rather than on business use of energy or business and 'sustainability' issues. The author examines the advantages and disadvantages of different approaches to addressing these risks, with international case study examples. With chapters on the nature, science and politics of climate change, on the assessment and management of climate change risks, and recommendations for incorporating climate change risks into a Company Risk Management System, this concise guide serves the needs of business students and practitioners across a wide range of sectors, public and private.

Characterizing and Responding to Uncertainty in Climate Change

Characterizing and Responding to Uncertainty in Climate Change
Title Characterizing and Responding to Uncertainty in Climate Change PDF eBook
Author Derek Mark Lemoine
Publisher
Pages 390
Release 2011
Genre
ISBN

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The development and analysis of climate policy proposals intertwine with the structure of knowledge and the possibility for changing it. Key questions concern the long-term interaction between policy, technology, infrastructure, and the earth system, but each of these components is deeply uncertain. This dissertation advances the description of knowledge about the climate system, the assessment of economic responses to climatic possibilities, and the development of policy that positions society to achieve long-term climate goals. It offers new paths to describing understanding of complex systems and to modeling optimal management under structural uncertainty. The first chapter formalizes uncertainty about equilibrium climate change. Its hierarchical Bayes framework allows climate models to be incomplete and to share biases, and it shows how prior beliefs about models' completeness and independence interact with models' estimates of feedback strength to determine distributions for temperature change. When models might share biases, the results of additional models might tell us more about models' common structure than about the real-world processes they aim to represent. The most valuable information would then come not from related models but from alternate estimates that should carry a different set of unobservable biases. The possibility that models are wrong in common ways limits the degree to which models' estimates can narrow the probability distribution for feedback strength, which also limits our ability to rule out extreme climatic outcomes. The second chapter empirically estimates a feedback that is especially difficult to model. Climate-carbon feedbacks (or carbon cycle feedbacks) describe the effect of temperature on carbon dioxide (CO2). If they are positive, then not only does anthropogenic CO2 cause warming via the greenhouse effect and earth system feedbacks, but this warming itself increases CO2 and so causes further warming. Previous empirical work estimated a stronger feedback than did coupled climate-carbon cycle models. However, those empirical estimates were probably biased upwards while coupled models' estimates were primarily driven by a few ill-constrained parameters. This chapter attempts to obtain an unbiased estimate of climate-carbon feedback strength by using variations in summer radiation in the Arctic (i.e., variations in orbital forcing) to identify the effect of temperature on CO2 in 800 ky ice core records. It finds a range for climate-carbon feedbacks that is closer to coupled models' estimates than to previous empirical work. Since climate-carbon feedbacks are probably positive, temperature change projections tend to underestimate an emission path's consequences if they do not allow the carbon cycle to respond to changing temperatures. The next three chapters assess economic responses to climate change in a policy-optimizing integrated assessment model, in games with long-lived investments into abatement capital, and in a cost-effectiveness model with multiple policy options stretching over long time horizons. The first of these chapters extends a well-known integrated assessment model to include the possibility of abrupt shifts in the climate system. It also changes the model's structure to make the decision-maker aware of uncertainty and of the possibility for learning over time, and it generalizes the welfare evaluation to reflect that uncertainty about temperature change is qualitatively unlike uncertainty about climate thresholds. It finds that tipping points can increase the near-term social cost of carbon by more than 50% when they raise climate sensitivity or make damages more convex. They have less of an effect when they increase the atmospheric lifetime of CO2 or the quantity of non-CO2 greenhouse gases. Allowing the policymaker to be differentially averse to consumption fluctuations over time and over risk increases the near-term social cost of carbon by 150%, with tipping point possibilities then increasing it by another 50%. The possibility of tipping points is more important for the social cost of carbon than is the ambiguity attitude the decision-maker uses in evaluating them. The second of these climate economics chapters models the optimal emission tax when firms can adopt low-pollution technology that reduces abatement cost. The regulator anticipates this adoption but must set the tax before firms invest. In many cases, a linear emission tax cannot obtain both socially optimal investment and socially optimal emissions because the regulator either will set it inefficiently high to stimulate investment or will set it at an ex post optimal level that obtains inefficiently low investment. The difficulty is that an emission tax fixes both the incentive to invest and the incentive to abate, but these two goals rarely align perfectly when investment is lumpy. In contrast, tradable permits policies do not suffer this tension because the permit price responds automatically to realized investment. A numerical model then considers the ability of the regulator to select not only the level but also the duration of the tax. It shows that outcomes are still often socially inefficient. Further, the regulator will occasionally use a longer tax to obtain investment when firms expect their investments to lower the tax in the next period, but the cost of not being able to adjust the next period's tax limits the parameter space in which the longer tax is employed. The fifth chapter constructs cost-effective dynamic policy portfolios of abatement, research and development (R & D), and negative emission technology deployment in order to achieve 21st century climate targets. It includes two types of stochastic technological change in a stylized numerical model and allows each type of technology to respond both to public R & D and to abatement policies. It compares worlds where negative emission technologies are and are not available, and it compares a world where the century's cumulative net emissions are constrained with a world in which threshold possibilities lead policy to constrain cumulative net emissions in each year during the century. It finds that R & D options are valuable and exercised but do not substitute for near-term abatement. The type of R & D undertaken depends on long-term emission goals because those determine the magnitude of future abatement. When the cumulative emission constraint is stringent, negative emission technologies substitute for near-term abatement and affect the type of R & D undertaken, but if threshold considerations eliminate the freedom to temporarily overshoot emission targets, negative emission technologies become less valuable. The availability of negative emission technologies provides a valuable option to partially undo previous emissions, but abatement also gains option value from increasing future flexibility to forgo reliance on negative emission technologies if the technology or climate prove problematic in the interim. The concluding chapter directly connects uncertainty about climate change to uncertainty about the cost of achieving CO2 targets. It shows how beliefs about technology, temperature, and damages interact to affect the cost-effectiveness of climate targets. It finds that the speed with which damages increase at higher temperatures is the most important of these factors. Both 450 parts per million (ppm) and 550 ppm CO2 targets provide net benefits for quadratic damage functions that reduce annual output by less than the 1-2% estimated for 2.5°C of warming. Cubic damage functions support both CO2 targets even if 2.5°C of warming only reduces output by 0.2% or less. More convex damage functions also reduce the importance of abatement cost uncertainty. significantly increase the range of damage functions that support these targets and decrease the importance of abatement cost uncertainty. In addition, because extreme feedback outcomes have little effect over the next decades, a thinner-tailed temperature distribution (resulting from optimistic prior beliefs about climate models' independence and biases) supports CO2 targets under slightly less severe damages than does the thicker-tailed distribution (resulting from skepticism about climate models' independence and biases). Emission reductions hedge against greater societal sensitivity to temperature increases while exposing society to the upside of positive technology surprises. The epistemology of complex systems in an out-of-sample world is a key motif. This dissertation advances knowledge of climate change and understanding of policy design in settings with limited ability to predict future changes or responses. Further work should seek a more unified framework for describing and acting on knowledge of evolving complex systems.

Characterizing and Communicating Uncertainty in the Assessment of Benefits and Risks of Pharmaceutical Products

Characterizing and Communicating Uncertainty in the Assessment of Benefits and Risks of Pharmaceutical Products
Title Characterizing and Communicating Uncertainty in the Assessment of Benefits and Risks of Pharmaceutical Products PDF eBook
Author Institute of Medicine
Publisher National Academies Press
Pages 123
Release 2014-12-19
Genre Medical
ISBN 0309310032

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Despite the extensive body of evidence that informs regulatory decisions on pharmaceutical products, significant uncertainties persist, including the underlying variability in human biology, factors associated with the chemistry of a drug, and limitations in the research and clinical trial process itself that might limit the generalizability of results. As a result, regulatory reviewers are consistently required to draw conclusions about a drug's safety and efficacy from imperfect data. Efforts are underway within the drug development community to enhance the evaluation and communication of the benefits and risks associated with pharmaceutical products, aimed at increasing the predictability, transparency, and efficiency of pharmaceutical regulatory decision making. Effectively communicating regulatory decisions necessarily includes explanation of the impact of uncertainty on decision making. On February 12 and May 12, 2014, the Institute of Medicine's Forum on Drug Discovery, Development, and Translation held public workshops to advance the development of more systematic and structured approaches to characterize and communicate the sources of uncertainty in the assessment of benefits and risks, and to consider their implications for pharmaceutical regulatory decisions. Workshop presentations and discussions on February 12 were convened to explore the science of identifying and characterizing uncertainty in scientific evidence and approaches to translate uncertainties into decisions that reflect the values of stakeholders. The May 12 workshop presentations and discussions explored tools and approaches to communicating about scientific uncertainties to a range of stakeholders in the drug development process. Characterizing and Communicating Uncertainty in the Assessment of Benefits and Risks of Pharmaceutical Products summarizes the presentation and discussion of both events. This report explores potential analytical and communication approaches and identifies key considerations on their development, evaluation, and incorporation into pharmaceutical benefit- risk assessment throughout the entire drug development lifecycle.