Risk Analysis and How to Select the Option for Adapting and Mitigating Changes Climate: An Instrument for Planning Climate Change Measures

Robert Adrian Candoi Savu () and Liviu Adrian Stoica ()
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Robert Adrian Candoi Savu: Bucharest University of Economic Studies
Liviu Adrian Stoica: Bucharest University of Economic Studies

A chapter in Eurasian Business and Economics Perspectives, 2021, pp 303-312 from Springer

Abstract: Abstract This chapter is an indicator for drafting the proposed mathematical approach of the Climate Change (CC) Action Plan. The CC action plan must be based on the consolidation and coordination of both mitigation and adaptation measures or options. Selection of recommended measures constitutes a significant phase in drafting such a plan. This selection involves the involvement of competent authorities in key sectors, including transport, energy, urban, water, agriculture, and forestry. The selection process must be transparent, pragmatic, and safe operation. The different categories of measures need to be discovered and analyzed in the circumstance of the associated risks and benefits. The selection and appreciation of measures are crucial for the success of CC policies and yet the process is time consuming and quite expensive. The chapter proposes a mathematical risk equation, developed for the scope of reducing the value of the risks identified by evaluating all the vulnerabilities and threats that CC proposes and quantify them in points of measurement to can unify all their types as one final result. Based on the result score, there can be made adjustments or improvements in the risk decision making as lowering the costs of investments in technology or reducing the eventual losses caused by the risks.

Keywords: Climate; Plan; Measurement; Evaluation; Risks (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-77438-7_19

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DOI: 10.1007/978-3-030-77438-7_19

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