Climate risk management (CRM) is a term describing the strategies involved in mitigating

climate risk Climate risk refers to risk assessments based on formal analysis of the consequences, likelihoods and responses to the impacts of climate change and how societal constraints shape adaptation options. Common approaches to risk assessment and risk ...

, through the work of various fields including

climate change adaptation Climate change adaptation is the process of adjusting to current or expected effects of climate change.IPCC, 2022Annex II: Glossary öller, V., R. van Diemen, J.B.R. Matthews, C. Méndez, S. Semenov, J.S. Fuglestvedt, A. Reisinger (eds.) InClimat ...

, disaster management and sustainable development. Major international conferences and workshops include:

United Nations Framework Convention on Climate Change The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental treaty to combat "dangerous human interference with the climate system", in part by stabilizing greenhouse gas concentrations in ...

World Meteorological Organization The World Meteorological Organization (WMO) is a specialized agency of the United Nations responsible for promoting international cooperation on atmospheric science, climatology, hydrology and geophysics. The WMO originated from the Intern ...

- Living With Climate.

Definition

Climate risk management is a generic term referring to an approach to climate-sensitive decision making. The approach seeks to promote sustainable development by reducing the vulnerability associated with climate risk. CRM involves strategies aimed at maximizing positive and minimizing negative outcomes for communities in fields such as

agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people t ...

food security Food security speaks to the availability of food in a country (or geography) and the ability of individuals within that country (geography) to access, afford, and source adequate foodstuffs. According to the United Nations' Committee on World ...

, water resources, and

health Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organiza ...

. Climate risk management covers a broad range of potential actions, including: early-response systems, strategic diversification, dynamic resource-allocation rules, financial instruments (such as climate risk insurance), infrastructure design and

capacity building Capacity building (or capacity development, capacity strengthening) is the improvement in an individual's or organization's facility (or capability) "to produce, perform or deploy". The terms ''capacity building'' and ''capacity development'' ha ...

. But in addition to avoiding adverse outcomes, a climate risk management strategy also aims to maximize opportunities in climate-sensitive economic sectors--for example, farmers who use favorable seasonal forecasts to maximize their crop productivity.

Major international conferences and workshops

United Nations Framework Convention on Climate Change

The

involves negotiations among delegates on

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to ...

framework. Discussions center on

mitigation Mitigation is the reduction of something harmful or the reduction of its harmful effects. It may refer to measures taken to reduce the harmful effects of hazards that remain ''in potentia'', or to manage harmful incidents that have already occur ...

, adaptation, technology development and transfer, and financial resources and investment. During COP21, the international community funded investment in climate risk insurance as part of the strategies for addressing climate risk.

World Meteorological Organization - Living With Climate

The Living with Climate Conference was co-hosted by the

, the

Earth Institute {{Infobox organization , name = The Earth Institute , image = Ei blue1.gif , map_size = , map_alt = , map_caption = , map2 = , type = , tax_id ...

and the

Finnish Meteorological Institute The Finnish Meteorological Institute (FMI; fi, Ilmatieteen laitos; sv, Meteorologiska institutet) is the government agency responsible for gathering and reporting weather data and forecasts in Finland. It is a part of the Ministry of Transport ...

in July, 2006. The meeting was designed to review opportunities and constraints in integrating climate risks and uncertainties into decision-making. A major outcome was the Espoo Statement.

References

{{reflist Climate change and society Natural disasters

Definition

Major international conferences and workshops

United Nations Framework Convention on Climate Change

World Meteorological Organization - Living With Climate

See also

References