Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy)
Recent advancements in spatial risk assessment methodologies, particularly those incorporating GIS and economic evaluations, have significantly enhanced our ability to assess and manage risks associated with natural disasters. Entrepreneurs, investors, and public administrations need information abo...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Climate Risk Management |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2212096324000731 |
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| author | Carlo Giupponi Giuliana Barbato Veronica Leoni Paola Mercogliano Carlo Papa Giovanni Valtorta Michele Zen Christian Zulberti |
| author_facet | Carlo Giupponi Giuliana Barbato Veronica Leoni Paola Mercogliano Carlo Papa Giovanni Valtorta Michele Zen Christian Zulberti |
| author_sort | Carlo Giupponi |
| collection | DOAJ |
| description | Recent advancements in spatial risk assessment methodologies, particularly those incorporating GIS and economic evaluations, have significantly enhanced our ability to assess and manage risks associated with natural disasters. Entrepreneurs, investors, and public administrations need information about climate change risks for effective planning and decision making. To move from generic global or national projections about climate change scenarios, towards more actionable information on climate risks for socioeconomic agents, the three dimensions of risk (Hazard, Exposure and Vulnerability) must be quantified and mapped with the involvement of stakeholders. In this study, spatial indicators, tailored to the social and ecological systems of interest and co-designed with the key stakeholders are aggregated into sectoral risk indexes quantified in economic terms. Climate risk indexes were calculated and mapped for the four key economic sectors of the study area of the Belluno Province (Italian Alps): summer tourism, winter sports and events, eyewear industry, and electricity supply. Stakeholders were involved during the assessment to share knowledge, data and needs and to provide expert judgments on intermediate and final results. Outputs include a series of maps and statistical summaries, highlighting future trends of climate related risks, their spatial variability within the area and the estimated levels of uncertainty. Estimates on expected changes of future damages with constant Exposure and Vulnerability, provided socioeconomic agents with simple and clear messages about how their activities could suffer or benefit from climate change in the future. |
| format | Article |
| id | doaj-art-002a52b2d3bb41ea89778b6adef74db8 |
| institution | OA Journals |
| issn | 2212-0963 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Climate Risk Management |
| spelling | doaj-art-002a52b2d3bb41ea89778b6adef74db82025-08-20T01:59:04ZengElsevierClimate Risk Management2212-09632024-01-014610065610.1016/j.crm.2024.100656Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy)Carlo Giupponi0Giuliana Barbato1Veronica Leoni2Paola Mercogliano3Carlo Papa4Giovanni Valtorta5Michele Zen6Christian Zulberti7Ca’ Foscari University of Venice, Department of Economics, Venezia 30121, Italy; Venice International University, Venezia 30133, Italy; Fondazione Eni Enrico Mattei (FEEM) Climate Change Adaptation Programme, Venezia 30124, Italy; Corresponding author at: Ca’ Foscari University of Venice, Department of Economics, San Giobbe 810, 30121 Venezia, Italy.Fondazione CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici, ItalyCa’ Foscari University of Venice, Department of Economics, Venezia 30121, Italy; Venice International University, Venezia 30133, Italy; University of the Balearic Islands, Department of Applied Economics, Palma de Mallorca 07122, SpainFondazione CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici, ItalyColumbia Center on Sustainable Investment, Columbia University, New York, NY 10027, United StatesE-Distribuzione, Roma 00198, ItalyCa’ Foscari University of Venice, Department of Economics, Venezia 30121, Italy; Venice International University, Venezia 30133, ItalyEnel Foundation, Roma 00198, ItalyRecent advancements in spatial risk assessment methodologies, particularly those incorporating GIS and economic evaluations, have significantly enhanced our ability to assess and manage risks associated with natural disasters. Entrepreneurs, investors, and public administrations need information about climate change risks for effective planning and decision making. To move from generic global or national projections about climate change scenarios, towards more actionable information on climate risks for socioeconomic agents, the three dimensions of risk (Hazard, Exposure and Vulnerability) must be quantified and mapped with the involvement of stakeholders. In this study, spatial indicators, tailored to the social and ecological systems of interest and co-designed with the key stakeholders are aggregated into sectoral risk indexes quantified in economic terms. Climate risk indexes were calculated and mapped for the four key economic sectors of the study area of the Belluno Province (Italian Alps): summer tourism, winter sports and events, eyewear industry, and electricity supply. Stakeholders were involved during the assessment to share knowledge, data and needs and to provide expert judgments on intermediate and final results. Outputs include a series of maps and statistical summaries, highlighting future trends of climate related risks, their spatial variability within the area and the estimated levels of uncertainty. Estimates on expected changes of future damages with constant Exposure and Vulnerability, provided socioeconomic agents with simple and clear messages about how their activities could suffer or benefit from climate change in the future.http://www.sciencedirect.com/science/article/pii/S2212096324000731Risk assessmentClimate proofingEconomic sectorSpatial modelMonetary damageAlps |
| spellingShingle | Carlo Giupponi Giuliana Barbato Veronica Leoni Paola Mercogliano Carlo Papa Giovanni Valtorta Michele Zen Christian Zulberti Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) Climate Risk Management Risk assessment Climate proofing Economic sector Spatial model Monetary damage Alps |
| title | Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) |
| title_full | Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) |
| title_fullStr | Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) |
| title_full_unstemmed | Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) |
| title_short | Spatial risk assessment for climate proofing of economic activities: The case of Belluno Province (North-East Italy) |
| title_sort | spatial risk assessment for climate proofing of economic activities the case of belluno province north east italy |
| topic | Risk assessment Climate proofing Economic sector Spatial model Monetary damage Alps |
| url | http://www.sciencedirect.com/science/article/pii/S2212096324000731 |
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