This book presents essential insights on the interaction between rising risks and raising the bar for resilience during the climate crisis. Its timeliness lies in applying important findings on risk and resilience to runaway climate change. When risk and resilience are brought together in the context of climate catastrophes, three key messages emerge.
The first is that accounting for the root causes of these calamities, and not just their symptoms, is essential to slowing the spike in these events. It is therefore vital to link carbon emissions from human activity to the sharp rise in climate disasters globally. The second is that growth economics and policy must factor in the failure of governments and businesses to tackle spillover harm from economic activities, as seen dramatically with global warming. With climate risks rising, this calls for a fundamental revision in the teaching and practice of business and economics. And third, prevention must become a far bigger part of resilience building, with greater preparedness for more intense destruction built into interventions. This emphasis on prevention deems disaster recovery as not just returning to how things were but building back better.
Author(s): Vinod Thomas
Publisher: Palgrave Macmillan
Year: 2023
Language: English
Pages: 219
City: Cham
Foreword
Preface
Acknowledgments
Praise for Risk and Resilience in the Era of Climate Change
Contents
Abbreviations
List of Figures
List of Tables
List of Boxes
1 Opening Summary
Note
Bibliography
Part I Risk and Resilience
2 Troubled Times
New and Extreme Danger
The Nature of Risk
Different Perils, Different Places
Role of Policy
Timing Can Be Everything
The Significance of Resilience
Facets of Resilience
Individuals and Society
Climate Risk and Resilience
Conclusions
Note
Bibliography
3 Understanding Risk
The Global Risk Landscapes
Interactions that Inform Policy
Risk and Uncertainty
Measuring Risk
Probability and Impact
Modelling Risk
Sources of Disaster Risks
Exposure
Vulnerability
Intensity
Disaster Determinants and Policy
Conclusions
Note
Bibliography
4 Resilience That Shapes Risk
Nature and Phases of Resilience
Social Capital
Resilience Phases
Interaction Between Risk and Resilience
Risk-Resilience Scenarios
Resilience Qualifies Risk
Mapping Components of Risk and Resilience
Addressing Vulnerability
The Mekong Delta
Country, Regional, and Global Priorities
Conclusions
Bibliography
5 New Highs in Risk and Resilience
Rising Risks
Shifting Ground
Anchoring Resilience
Bigger Dangers, Rebuild Better
Synergies Across Sectors
Payoffs to Preparedness
Confronting Downward Spirals
Conclusions
Note
Bibliography
Part II The Climate Catastrophe
6 Intractability of Climate Change
Unheeded Warnings
Decades of Red Alerts
Doomsday Projections
Problems Eluding Solutions
Degrees of Intractability
Jointness and Collective Action
Personal Versus Societal Calculus
A Super Wicked Problem
Unholy Alliance
A Success Story
Lines of Causation
Adding Fuel to the Fire
Coal is Best Left Underground
Failure in Messaging
Conclusions
Note
Bibliography
7 A Persistently False Dichotomy
Centrality of Externalities
Pervasiveness of Spillover Effects
Growth Economics and Policy
Discounting the Future
Econometrics and Climate Disasters
Emissions and Disasters
Policy Influence
Economics at the Climate Table
Conclusions
Bibliography
8 Integrating Resilience in Policymaking
Crisis and Disaster Management
Infrastructure to the Rescue
Society and Governance
Disaster Prevention and Mitigation
Mitigation and Adaptation Efforts
What Affects Success?
Economic Policies for Risk Management
Alternative Energy Sources
Costs and Benefits
Green Financing
Risks and Rewards
Sources of Climate Funds
Conclusions
Note
Bibliography
9 Transformative Change
The Big Picture
Triage Financing and Pricing
Energy Transition
Global Economic Policymaking
Societal and Individual Behaviour
The Quality of Growth
Informed by Evaluation
Conclusions
Bibliography
Index
