A climate risk management typology: Integrating approaches to reduce risk

Overshoot is increasingly likely to be required to meet the Paris Agreement's 1.5 °C temperature goal, resulting in climate risk management becoming more complex. This is aggravated by an often siloed and fragmentary risk management landscape, making the risks and benefits of potential interactions between interventions less legible to practitioners, policymakers, and academia. Approaches that integrate thinking across all climate risk management interventions are emerging as an increasing priority. We present a qualitative climate risk management typology that aids in exploring the interactions and roles of climate interventions across a variety of climate risk scenarios and contexts. Use of the typology is demonstrated by presenting six portfolios of interventions, which illustrate the utility of different interventions to ultimately reduce loss and damage. This approach builds on existing tools in the literature by recasting them explicitly in terms of risk and extending their range over a variety of qualitatively distinct climate scenarios.