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Ranger N, Mahul O, Monasterolo I. Managing the financial risks of climate change and pandemics: What we know (and don't know). ONE EARTH (CAMBRIDGE, MASS.) 2021; 4:1375-1385. [PMID: 34704017 PMCID: PMC8532245 DOI: 10.1016/j.oneear.2021.09.017] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Indexed: 01/04/2023]
Abstract
The COVID-19 pandemic is generating the largest shock in the global economy since 1929. Although the pandemic has been unprecedented in scale and type, such complex, compounding shocks are not uncommon and are more likely in our modern, interconnected world. Our ability to assess and anticipate compounding risks is limited. Here, we propose a framework for assessing the economic losses associated with compounding climate, economic, and pandemic shocks. We propose a new metric, the compound risk multiplier, to measure the scale of the amplification effect and find that this can peak at over 150%; that is, the GDP impacts of the compound shock can be 50% larger than the sum of the individual shocks. Our results suggest that ignoring compounding risks could be a major blindspot in our ability to prepare for future crises. This underlines the urgency of accounting for compounding shocks within financial, fiscal, and crisis risk management.
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Affiliation(s)
- Nicola Ranger
- Smith School of Enterprise and the Environment, University of Oxford, Oxford, UK,Corresponding author
| | | | - Irene Monasterolo
- EDHEC Business School and EDHEC-Risk Institute, Nice, France,International Institute for Applied Systems Analysis, Vienna, Austria,Boston University, Boston, MA, USA
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52
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Abstract
Increased extreme heat exposure from both climate change and the urban heat island effect threatens rapidly growing urban settlements worldwide. Yet, because we do not know where urban population growth and extreme heat intersect, we have limited capacity to reduce the impacts of urban extreme heat exposure. Here, we leverage fine-resolution temperature and population data to measure urban extreme heat exposure for 13,115 cities from 1983 to 2016. Globally, urban exposure increased nearly 200%, affecting 1.7 billion people. Total urban warming elevated exposure rates 52% above population growth alone. However, spatially heterogeneous exposure patterns highlight an urgent need for locally tailored adaptations and early warning systems to reduce harm from urban extreme heat exposure across the planet’s diverse urban settlements. Increased exposure to extreme heat from both climate change and the urban heat island effect—total urban warming—threatens the sustainability of rapidly growing urban settlements worldwide. Extreme heat exposure is highly unequal and severely impacts the urban poor. While previous studies have quantified global exposure to extreme heat, the lack of a globally accurate, fine-resolution temporal analysis of urban exposure crucially limits our ability to deploy adaptations. Here, we estimate daily urban population exposure to extreme heat for 13,115 urban settlements from 1983 to 2016. We harmonize global, fine-resolution (0.05°), daily temperature maxima and relative humidity estimates with geolocated and longitudinal global urban population data. We measure the average annual rate of increase in exposure (person-days/year−1) at the global, regional, national, and municipality levels, separating the contribution to exposure trajectories from urban population growth versus total urban warming. Using a daily maximum wet bulb globe temperature threshold of 30 °C, global exposure increased nearly 200% from 1983 to 2016. Total urban warming elevated the annual increase in exposure by 52% compared to urban population growth alone. Exposure trajectories increased for 46% of urban settlements, which together in 2016 comprised 23% of the planet’s population (1.7 billion people). However, how total urban warming and population growth drove exposure trajectories is spatially heterogeneous. This study reinforces the importance of employing multiple extreme heat exposure metrics to identify local patterns and compare exposure trends across geographies. Our results suggest that previous research underestimates extreme heat exposure, highlighting the urgency for targeted adaptations and early warning systems to reduce harm from urban extreme heat exposure.
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53
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Alova G, Caldecott B. A machine learning model to investigate factors contributing to the energy transition of utility and independent power producer sectors internationally. iScience 2021; 24:102929. [PMID: 34622179 PMCID: PMC8478684 DOI: 10.1016/j.isci.2021.102929] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 04/29/2021] [Revised: 07/07/2021] [Accepted: 07/23/2021] [Indexed: 10/26/2022] Open
Abstract
There is evidence of independent power producers dominating the electricity sector's uptake of renewable energy, with utilities lagging behind. Here, we build a machine-learning-based model with multiple dependent variables to simultaneously explore environmental policy and market structure contributions to investment patterns in different technologies by utility and independent producer sectors across 33 countries over 20 years. With the analysis enabling the capture of non-linear relationships, our findings suggest substantial resistance of gas capacity to even strict carbon pricing policies, while coal appears more responsive. There is also an indication of policy pricing in effects. The positive link of renewables subsidies and fossil fuel disincentives to renewables expansion, particularly wind, is more prominent for independent power producers than utilities. Regarding market structures, different characteristics tend to matter for renewables growth compared to fossil fuel reductions. The results also suggest considerable differences in policy and market factor contributions to technology choices of Organisation for Economic Co-operation and Development vis-à-vis emerging economies.
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Affiliation(s)
- Galina Alova
- Smith School of Enterprise and the Environment, School of Geography and the Environment, University of Oxford, Oxfordshire OX1 3QY, UK
| | - Ben Caldecott
- Smith School of Enterprise and the Environment, School of Geography and the Environment, University of Oxford, Oxfordshire OX1 3QY, UK
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54
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Giarola S, Mittal S, Vielle M, Perdana S, Campagnolo L, Delpiazzo E, Bui H, Kraavi AA, Kolpakov A, Sognnaes I, Peters G, Hawkes A, Köberle AC, Grant N, Gambhir A, Nikas A, Doukas H, Moreno J, van de Ven DJ. Challenges in the harmonisation of global integrated assessment models: A comprehensive methodology to reduce model response heterogeneity. THE SCIENCE OF THE TOTAL ENVIRONMENT 2021; 783:146861. [PMID: 33872899 DOI: 10.1016/j.scitotenv.2021.146861] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/28/2020] [Revised: 03/24/2021] [Accepted: 03/26/2021] [Indexed: 06/12/2023]
Abstract
Harmonisation sets the ground to a solid inter-comparison of integrated assessment models. A clear and transparent harmonisation process promotes a consistent interpretation of the modelling outcomes divergences and, reducing the model variance, is instrumental to the use of integrated assessment models to support policy decision-making. Despite its crucial role for climate economic policies, the definition of a comprehensive harmonisation methodology for integrated assessment modelling remains an open challenge for the scientific community. This paper proposes a framework for a harmonisation methodology with the definition of indispensable steps and recommendations to overcome stumbling blocks in order to reduce the variance of the outcomes which depends on controllable modelling assumptions. The harmonisation approach of the PARIS REINFORCE project is presented here to layout such a framework. A decomposition analysis of the harmonisation process is shown through 6 integrated assessment models (GCAM, ICES-XPS, MUSE, E3ME, GEMINI-E3, and TIAM). Results prove the potentials of the proposed framework to reduce the model variance and present a powerful diagnostic tool to feedback on the quality of the harmonisation itself.
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Affiliation(s)
| | | | - Marc Vielle
- École Polytechnique F'ed'erale de Lausanne, Switzerland
| | - Sigit Perdana
- École Polytechnique F'ed'erale de Lausanne, Switzerland
| | - Lorenza Campagnolo
- Fondazione Centro Euro-Mediterraneo sui Cambiamenti Climatici, Venice, Italy; Cà Foscari University of Venice, Venice, Italy; European Institute on Economics and the Environment, Venice, Italy
| | - Elisa Delpiazzo
- Fondazione Centro Euro-Mediterraneo sui Cambiamenti Climatici, Venice, Italy; Cà Foscari University of Venice, Venice, Italy; European Institute on Economics and the Environment, Venice, Italy
| | - Ha Bui
- Climate Change Policy Group, CAS, Yusuf Hamied Department of Chemistry, University of Cambridge, UK
| | - Annela Anger Kraavi
- Climate Change Policy Group, CAS, Yusuf Hamied Department of Chemistry, University of Cambridge, UK
| | - Andrey Kolpakov
- Institute of Economic Forecasting of the Russian Academy of Sciences, Moscow, Russia
| | - Ida Sognnaes
- Center for International Climate Research, Norway
| | - Glen Peters
- Center for International Climate Research, Norway
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55
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Hasegawa T, Sakurai G, Fujimori S, Takahashi K, Hijioka Y, Masui T. Extreme climate events increase risk of global food insecurity and adaptation needs. NATURE FOOD 2021; 2:587-595. [PMID: 37118168 DOI: 10.1038/s43016-021-00335-4] [Citation(s) in RCA: 44] [Impact Index Per Article: 14.7] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/10/2020] [Accepted: 07/07/2021] [Indexed: 04/30/2023]
Abstract
Climate change is expected to increase the frequency, intensity and spatial extent of extreme climate events, and thus is a key concern for food production. However, food insecurity is usually analysed under a mean climate change state. Here we combine crop modelling and climate scenarios to estimate the effects of extreme climate events on future food insecurity. Relative to median-level climate change, we find that an additional 20-36% and 11-33% population may face hunger by 2050 under a once-per-100-yr extreme climate event under high and low emission scenarios, respectively. In some affected regions, such as South Asia, the amount of food required to offset such an effect is triple the region's current food reserves. Better-targeted food reserves and other adaptation measures could help fill the consumption gap in the face of extreme climate variability.
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Affiliation(s)
- Tomoko Hasegawa
- Ritsumeikan University, Kusatsu, Japan.
- National Institute for Environmental Studies (NIES), Tsukuba, Japan.
| | - Gen Sakurai
- National Agriculture and Food Research Organization (NARO), Tsukuba, Japan
| | - Shinichiro Fujimori
- National Institute for Environmental Studies (NIES), Tsukuba, Japan
- International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria
- Department of Environmental Engineering, Kyoto University, Kyoto, Japan
| | | | - Yasuaki Hijioka
- National Institute for Environmental Studies (NIES), Tsukuba, Japan
| | - Toshihiko Masui
- National Institute for Environmental Studies (NIES), Tsukuba, Japan
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56
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Murphy MD, Day DR. A scenario for writing creative scenarios. SOCIO-ECOLOGICAL PRACTICE RESEARCH 2021; 3:207-223. [PMID: 34778715 PMCID: PMC8182355 DOI: 10.1007/s42532-021-00081-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 01/26/2021] [Accepted: 04/07/2021] [Indexed: 06/13/2023]
Abstract
This paper examines the elements of a pathway to writing the bold, innovative scenarios necessary to promote sustainable socio-ecological integration. Innovative scenarios incorporate three virtues essential to making knowledge systemically useful: creativity, collaboration, and communication. The main features of such a scenario-writing process include: (1) the effective integration of participants from a diverse array of disciplinary perspectives; (2) an integrated approach to defining problems as a system of interrelated structures, functions, and processes; (3) the collaborative learning required to synthesize a comprehensive understanding of the interrelated components and processes of the system containing the problem(s); (4) a process of co-writing that guides the alteration of socio-ecological systems to eliminate the problem(s); and (5) communication that clearly and persuasively conveys the message required to actualize resolution.
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Affiliation(s)
- Michael D. Murphy
- Department of Landscape Architecture and Urban Planning, Texas A&M University, College Station, Texas USA
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57
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Evaluating Nature-Based Solution for Flood Reduction in Spercheios River Basin under Current and Future Climate Conditions. SUSTAINABILITY 2021. [DOI: 10.3390/su13073885] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 01/12/2023]
Abstract
Nature-based solutions (NBS) are being deployed around the world in order to address hydrometeorological hazards, including flooding, droughts, landslides and many others. The term refers to techniques inspired, supported and copied from nature, avoiding large constructions and other harmful interventions. In this work the development and evaluation of an NBS applied to the Spercheios river basin in Central Greece is presented. The river is susceptible to heavy rainfall and bank overflow, therefore the intervention selected is a natural water retention measure that aims to moderate the impact of flooding and drought in the area. After the deployment of the NBS, we examine the benefits under current and future climate conditions, using various climate change scenarios. Even though the NBS deployed is small compared to the rest of the river, its presence leads to a decrease in the maximum depth of flooding, maximum velocity and smaller flooded areas. Regarding the subsurface/groundwater storage under current and future climate change and weather conditions, the NBS construction seems to favor long-term groundwater recharge.
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58
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Considering Life Cycle Greenhouse Gas Emissions in Power System Expansion Planning for Europe and North Africa Using Multi-Objective Optimization. ENERGIES 2021. [DOI: 10.3390/en14051301] [Citation(s) in RCA: 5] [Impact Index Per Article: 1.7] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
We integrate life cycle indicators for various technologies of an energy system model with high spatiotemporal detail and a focus on Europe and North Africa. Using multi-objective optimization, we calculate a pareto front that allows us to assess the trade-offs between system costs and life cycle greenhouse gas (GHG) emissions of future power systems. Furthermore, we perform environmental ex-post assessments of selected solutions using a broad set of life cycle impact categories. In a system with the least life cycle GHG emissions, the costs would increase by ~63%, thereby reducing life cycle GHG emissions by ~82% compared to the cost-optimal solution. Power systems mitigating a substantial part of life cycle GHG emissions with small increases in system costs show a trend towards a deployment of wind onshore, electricity grid and a decline in photovoltaic plants and Li-ion storage. Further reductions are achieved by the deployment of concentrated solar power, wind offshore and nuclear power but lead to considerably higher costs compared to the cost-optimal solution. Power systems that mitigate life cycle GHG emissions also perform better for most impact categories but have higher ionizing radiation, water use and increased fossil fuel demand driven by nuclear power. This study shows that it is crucial to consider upstream GHG emissions in future assessments, as they represent an inheritable part of total emissions in ambitious energy scenarios that, so far, mainly aim to reduce direct CO2 emissions.
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59
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Pedde S, Harrison PA, Holman IP, Powney GD, Lofts S, Schmucki R, Gramberger M, Bullock JM. Enriching the Shared Socioeconomic Pathways to co-create consistent multi-sector scenarios for the UK. THE SCIENCE OF THE TOTAL ENVIRONMENT 2021; 756:143172. [PMID: 33257058 DOI: 10.1016/j.scitotenv.2020.143172] [Citation(s) in RCA: 5] [Impact Index Per Article: 1.7] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/28/2020] [Revised: 08/07/2020] [Accepted: 10/14/2020] [Indexed: 06/12/2023]
Abstract
As the pressure to take action against global warming is growing in urgency, scenarios that incorporate multiple social, economic and environmental drivers become increasingly critical to support governments and other stakeholders in planning climate change mitigation or adaptation actions. This has led to the recent explosion of future scenario analyses at multiple scales, further accelerated since the development of the Intergovernmental Panel on Climate Change (IPCC) research community Shared Socioeconomic Pathways (SSPs) and Representative Concentration Pathways (RCPs). While RCPs have been widely applied to climate models to produce climate scenarios at multiple scales for investigating climate change impacts, adaptation and vulnerabilities (CCIAV), SSPs are only recently being scaled for different geographical and sectoral applications. This is seen in the UK where significant investment has produced the RCP-based UK Climate Projections (UKCP18), but no equivalent UK version of the SSPs exists. We address this need by developing a set of multi-driver qualitative and quantitative UK-SSPs, following a state-of-the-art scenario methodology that integrates national stakeholder knowledge on locally-relevant drivers and indicators with higher level information from European and global SSPs. This was achieved through an intensive participatory process that facilitated the combination of bottom-up and top-down approaches to develop a set of UK-specific SSPs that are locally comprehensive, yet consistent with the global and European SSPs. The resulting scenarios balance the importance of consistency and legitimacy, demonstrating that divergence is not necessarily the result of inconsistency, nor comes as a choice to contextualise narratives at the appropriate scale.
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Affiliation(s)
- Simona Pedde
- UK Centre for Ecology & Hydrology, Lancaster Environment Centre, Library Avenue, Bailrigg, Lancaster, LA1 4AP, UK; Soil Geography and Landscape Group, Wageningen University, Droevendaalsesteeg 3, 6708 PB Wageningen, the Netherlands.
| | - Paula A Harrison
- UK Centre for Ecology & Hydrology, Lancaster Environment Centre, Library Avenue, Bailrigg, Lancaster, LA1 4AP, UK.
| | - Ian P Holman
- Cranfield Water Science Institute, Cranfield University, College Road, MK43 0AL, Cranfield, UK.
| | - Gary D Powney
- UK Centre for Ecology & Hydrology, Benson Lane, Wallingford OX10 8BB, UK; Oxford Martin School & School of Geography and Environment, University of Oxford, Oxford OX1 3BD, UK.
| | - Stephen Lofts
- UK Centre for Ecology & Hydrology, Lancaster Environment Centre, Library Avenue, Bailrigg, Lancaster, LA1 4AP, UK.
| | - Reto Schmucki
- UK Centre for Ecology & Hydrology, Benson Lane, Wallingford OX10 8BB, UK.
| | | | - James M Bullock
- UK Centre for Ecology & Hydrology, Benson Lane, Wallingford OX10 8BB, UK.
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60
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Abstract
The evolution of long-term sustainable societies is closely connected to the transformation of the physical built environment in which those societies operate. In this paper, we present a comprehensive set of narratives for the built environment in Japan, consistent with the shared socio-economic pathways (SSPs) framework, to assess the future evolution of the adaptation and mitigation challenges. We focus on the linkage between sustainability factors and human living environments including urban form, buildings, and basic infrastructures. We introduce a new, sixth narrative to the SSPs, an alternative interpretation of SSP1. Whereas the original SSP1 assumes high societal and environmental sustainability combined with relatively high economic growth, the SSP1 variant does not highly rely on economic growth and is oriented towards a lower and more locally oriented consumption lifestyle. Nature-based solutions are integrated and examined in the new SSP1 narrative, which is aligned with the adaptation to the digital era with freedom of location. Recent global crises such as climate change and the COVID-19 pandemic may accelerate the transformation of societies. Therefore, this study attempts to imply the benefits and trade-offs of alternative pathways for the built environment.
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61
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Abstract
The anthropogenic release of greenhouse gases, especially carbon dioxide (CO2), has resulted in a notable climate change and an increase in global average temperature since the mid-20th century [...]
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