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Managing Climate Change Risks ENV/EPOC/GSP(2003)22/FINAL WORKING PARTY ON GLOBAL AND STRUCTURAL POLICIES OECD Workshop on the Benefits of Climate Policy: Improving Information for Policy Makers Managing Climate Change Risks by Roger Jones Organisation for Economic Co-operation and Development 2003 Organisation de Coopération et de Développement Economiques ENV/EPOC/GSP(2003)22/FINAL Copyright OECD, 2003 Application for permission to reproduce or translate all or part of this material should be addressed to the Head of Publications Services, OECD, 2 rue André Pascal, 75775 Paris, Cedex 16, France 2 ENV/EPOC/GSP(2003)22/FINAL FOREWORD This paper was prepared for an OECD Workshop on the Benefits of Climate Policy: Improving Information for Policy Makers, held 12-13 December 2002. The aim of the Workshop and the underlying Project is to outline a conceptual framework to estimate the benefits of climate change policies, and to help organise information on this topic for policy makers. The Workshop covered both adaptation and mitigation policies, and related to different spatial and temporal scales for decision-making. However, particular emphasis was placed on understanding global benefits at different levels of mitigation -- in other words, on the incremental benefit of going from one level of climate change to another. Participants were also asked to identify gaps in existing information and to recommend areas for improvement, including topics requiring further policy-related research and testing. The Workshop brought representatives from governments together with researchers from a range of disciplines to address these issues. Further background on the workshop, its agenda and participants, can be found on the internet at: www.oecd.org/env/cc The overall Project is overseen by the OECD Working Party on Global and Structural Policy (Environment Policy Committee). The Secretariat would like to thank the governments of Canada, Germany and the United States for providing extra-budgetary financial support for the work. This paper is issued as an authored “working paper” -- one of a series emerging from the Project. The ideas expressed in the paper are those of the author alone and do not necessarily represent the views of the OECD or its Member Countries. As a working paper, this document has received only limited peer review. Some authors will be further refining their papers, either to eventually appear in the peer-reviewed academic literature, or to become part of a forthcoming OECD publication on this Project. The objective of placing these papers on the internet at this stage is to widely disseminate the ideas contained in them, with a view toward facilitating the review process. Any comments on the paper may be sent directly to the author at: Roger Jones CSIRO Atmospheric Research, PMB1 Aspendale, Victoria 3195, Australia [email protected] Comments or suggestions concerning the broader OECD Project may be sent to the Project Manager : Jan Corfee Morlot at: [email protected] ACKNOWLEDGEMENTS This paper is based on a 2,000 word commentary written in August 2002 in response to the article on the uncertainty police in Nature. I apologise for all the extra words but people wanted some basis behind the 2,000 words of assertions. The expanded version was greatly influenced by presentations at the OECD Benefits of Climate Policy Workshop in Paris, December 2002 and the OECD’s support in commissioning a fuller version is gratefully acknowledged. The projects that fuelled the several years’ research into risk assessment summarised in this paper, were funded by various Australian state governments, the United Nations Development Programme, the Australian Greenhouse Office and CSIRO. The analysis in Section 4.4 was based on provisional analyses by Tom Wigley that I turned around to provide the inverse version. Tom Wigley, Steve Schneider, Jan Corfee-Morlot, Jake Jacoby and Barrie Pittock provided valuable comments. 3 ENV/EPOC/GSP(2003)22/FINAL TABLE OF CONTENTS FOREWORD.................................................................................................................................................. 1 ABSTRACT ................................................................................................................................................... 5 1. INTRODUCTION ............................................................................................................................... 6 2. BASIC STRUCTURE OF RISK .........................................................................................................8 2.1 Uncertainty, complexity and probability.......................................................................................... 8 2.2 Scale ............................................................................................................................................... 11 2.3 Delay, or inertia.............................................................................................................................. 11 3. ELEMENTS OF CLIMATE RISK ASSESSMENT ......................................................................... 13 3.1 Global scale .................................................................................................................................... 13 3.2 Local scale...................................................................................................................................... 14 4. APPLICATION OF RISK ANALYSIS............................................................................................. 15 4.1 Global sea level and temperature rise............................................................................................. 15 4.2 Local coral bleaching ..................................................................................................................... 17 4.3 Catchment Water Supply................................................................................................................ 21 4.4 Greenhouse gas stabilisation .......................................................................................................... 24 5. DISCUSSION AND CONCLUSIONS.............................................................................................. 28 5.1 Managing risk across scale............................................................................................................. 28 5.2 Managing risk over time................................................................................................................. 29 5.3 Conclusion...................................................................................................................................... 31 REFERENCES ............................................................................................................................................. 33 4 ENV/EPOC/GSP(2003)22/FINAL ABSTRACT Issues of uncertainty, scale and delay between action and response mean that ‘dangerous’ climate change is best managed within a risk assessment framework that evolves as new information is gathered. Risk can be broadly defined as the combination of likelihood and consequence; the latter measured as vulnerability to greenhouse-induced climate change. The most robust way to assess climate change damages in a probabilistic framework is as the likelihood of critical threshold exceedance. Because vulnerability is dominated by local factors, global vulnerability is the aggregation of many local impacts being forced beyond their coping ranges. Several case studies, generic sea level rise and temperature, coral bleaching on the Great Barrier Reef and water supply in an Australian catchment, are used to show how local risk assessments can be assessed then expressed as a function of global warming. Impacts treated thus can be aggregated to assess global risks consistent with Article 2 of the UNFCCC. A ‘proof of concept’ example is then used to show how the stabilisation of greenhouse gases can constrain the likelihood of exceeding critical thresholds at both the both local and global scale. This analysis suggests that even if the costs of reducing greenhouse gas emissions and the benefits of avoiding climate damages can be estimated, the likelihood of being able to meet a cost-benefit target is limited by both physical and socio-economic uncertainties. In terms of managing climate change risks, adaptation will be most effective at reducing vulnerability likely to occur at low levels of warming. Successive efforts to mitigate greenhouse gases will reduce the likelihood of reaching levels of global warming from the top down, with the highest potential temperatures being avoided first, irrespective of contributing scientific uncertainties. This implies that the first cuts in emissions will always produce the largest economic benefits in terms of avoided impacts, the sum of these benefits depending on the sensitivity of the climatic response and the damage function of the respective impacts. The major benefit of the structure presented in this paper is that risk can be translated across local and global scales, linking both adaptation and mitigation within a framework consistent with the aims of the UNFCCC. 5 ENV/EPOC/GSP(2003)22/FINAL 1. INTRODUCTION In trying to understand and mitigate the enhanced greenhouse effect, scientists and policy makers are undertaking a global-scale risk assessment (e.g. Beer, 1997 and others). By framing criteria to identify, assess, prioritise and manage risks, the structure of Article 2 of the United Nations
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