Critical Risks Of Different Economic Sectors eBook Download PDF

Download Critical Risks Of Different Economic Sectors full books in PDF, epub, and Kindle. Read online Critical Risks Of Different Economic Sectors ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Critical Risks of Different Economic Sectors

Author: Dmitry Chernov

Publisher: Springer Nature

Published: 2019-12-03

Total Pages: 277

ISBN-13: 3030250342

DOWNLOAD EBOOK

This book explores the major differences between the kinds of risk encountered in different sectors of industry - production (including agriculture) and services - and identifies the main features of accidents within different industries. Because of these differences, unique risk-mitigation measures will need to be implemented in one industry that cannot be implemented in another, leading to large managerial differences between these broad economic sectors. Based on the analysis of more than 500 disasters, accidents and incidents - around 230 cases from the production sector and around 280 cases from the service sector - the authors compare the risk response actions appropriate within different sectors, and establish when and how it is possible to generalize the experience of dealing with risks in any given industry to a wider field of economic activity. This book is mainly intended for executives, strategists, senior risk managers of enterprise-wide organizations and risk management experts engaged in academic or consulting work. By setting out clearly the sector differences in risk management, the authors aim to improve the practice of general risk assessment with regard to identifying and prioritizing risks, and of risk control with regard to planning appropriate mitigation measures.

Book Synopsis Critical Risks of Different Economic Sectors by : Dmitry Chernov

Download or read book Critical Risks of Different Economic Sectors written by Dmitry Chernov and published by Springer Nature. This book was released on 2019-12-03 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the major differences between the kinds of risk encountered in different sectors of industry - production (including agriculture) and services - and identifies the main features of accidents within different industries. Because of these differences, unique risk-mitigation measures will need to be implemented in one industry that cannot be implemented in another, leading to large managerial differences between these broad economic sectors. Based on the analysis of more than 500 disasters, accidents and incidents - around 230 cases from the production sector and around 280 cases from the service sector - the authors compare the risk response actions appropriate within different sectors, and establish when and how it is possible to generalize the experience of dealing with risks in any given industry to a wider field of economic activity. This book is mainly intended for executives, strategists, senior risk managers of enterprise-wide organizations and risk management experts engaged in academic or consulting work. By setting out clearly the sector differences in risk management, the authors aim to improve the practice of general risk assessment with regard to identifying and prioritizing risks, and of risk control with regard to planning appropriate mitigation measures.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

DOWNLOAD EBOOK

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

OECD Reviews of Risk Management Policies Risk Governance Scan of Kazakhstan

Author: OECD

Publisher: OECD Publishing

Published: 2019-10-30

Total Pages: 136

ISBN-13: 9264737456

DOWNLOAD EBOOK

This report presents the governance framework in Kazakhstan for managing disaster risks. A wide range of disaster risks are present throughout the national territory, primarily floods, landslides, avalanches, but also extreme cold and heatwaves. The report reviews how the central government sets up a national strategy to manage these disaster risks, and how a national risk governance framework is formulated and executed.

Book Synopsis OECD Reviews of Risk Management Policies Risk Governance Scan of Kazakhstan by : OECD

Download or read book OECD Reviews of Risk Management Policies Risk Governance Scan of Kazakhstan written by OECD and published by OECD Publishing. This book was released on 2019-10-30 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents the governance framework in Kazakhstan for managing disaster risks. A wide range of disaster risks are present throughout the national territory, primarily floods, landslides, avalanches, but also extreme cold and heatwaves. The report reviews how the central government sets up a national strategy to manage these disaster risks, and how a national risk governance framework is formulated and executed.

Risk Modeling, Assessment, and Management

Author: Yacov Y. Haimes

Publisher: John Wiley & Sons

Published: 2015-07-15

Total Pages: 720

ISBN-13: 1119018013

DOWNLOAD EBOOK

Presents systems-based theory, methodology, and applications in risk modeling, assessment, and management This book examines risk analysis, focusing on quantifying risk and constructing probabilities for real-world decision-making, including engineering, design, technology, institutions, organizations, and policy. The author presents fundamental concepts (hierarchical holographic modeling; state space; decision analysis; multi-objective trade-off analysis) as well as advanced material (extreme events and the partitioned multi-objective risk method; multi-objective decision trees; multi-objective risk impact analysis method; guiding principles in risk analysis); avoids higher mathematics whenever possible; and reinforces the material with examples and case studies. The book will be used in systems engineering, enterprise risk management, engineering management, industrial engineering, civil engineering, and operations research. The fourth edition of Risk Modeling, Assessment, and Management features: Expanded chapters on systems-based guiding principles for risk modeling, planning, assessment, management, and communication; modeling interdependent and interconnected complex systems of systems with phantom system models; and hierarchical holographic modeling An expanded appendix including a Bayesian analysis for the prediction of chemical carcinogenicity, and the Farmer’s Dilemma formulated and solved using a deterministic linear model Updated case studies including a new case study on sequential Pareto-optimal decisions for emergent complex systems of systems A new companion website with over 200 solved exercises that feature risk analysis theories, methodologies, and application Risk Modeling, Assessment, and Management, Fourth Edition, is written for both undergraduate and graduate students in systems engineering and systems management courses. The text also serves as a resource for academic, industry, and government professionals in the fields of homeland and cyber security, healthcare, physical infrastructure systems, engineering, business, and more.

Book Synopsis Risk Modeling, Assessment, and Management by : Yacov Y. Haimes

Download or read book Risk Modeling, Assessment, and Management written by Yacov Y. Haimes and published by John Wiley & Sons. This book was released on 2015-07-15 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents systems-based theory, methodology, and applications in risk modeling, assessment, and management This book examines risk analysis, focusing on quantifying risk and constructing probabilities for real-world decision-making, including engineering, design, technology, institutions, organizations, and policy. The author presents fundamental concepts (hierarchical holographic modeling; state space; decision analysis; multi-objective trade-off analysis) as well as advanced material (extreme events and the partitioned multi-objective risk method; multi-objective decision trees; multi-objective risk impact analysis method; guiding principles in risk analysis); avoids higher mathematics whenever possible; and reinforces the material with examples and case studies. The book will be used in systems engineering, enterprise risk management, engineering management, industrial engineering, civil engineering, and operations research. The fourth edition of Risk Modeling, Assessment, and Management features: Expanded chapters on systems-based guiding principles for risk modeling, planning, assessment, management, and communication; modeling interdependent and interconnected complex systems of systems with phantom system models; and hierarchical holographic modeling An expanded appendix including a Bayesian analysis for the prediction of chemical carcinogenicity, and the Farmer’s Dilemma formulated and solved using a deterministic linear model Updated case studies including a new case study on sequential Pareto-optimal decisions for emergent complex systems of systems A new companion website with over 200 solved exercises that feature risk analysis theories, methodologies, and application Risk Modeling, Assessment, and Management, Fourth Edition, is written for both undergraduate and graduate students in systems engineering and systems management courses. The text also serves as a resource for academic, industry, and government professionals in the fields of homeland and cyber security, healthcare, physical infrastructure systems, engineering, business, and more.

From climate risk to resilience: Unpacking the economic impacts of climate change in Kenya

Author: Detelinova, Iva

Publisher: Intl Food Policy Res Inst

Published: 2023-11-13

Total Pages: 51

ISBN-13:

DOWNLOAD EBOOK

Substantial model variability exists regarding the likely meteorological impact of climate change on Kenya, particularly with respect to future precipitation levels. Significant regional differences are expected, largely due to Kenya’s diverse climate profile. Overall, temperatures are projected to increase while future precipitation levels are highly uncertain. Climate change is expected to significantly affect coastal areas, including because of sea level rise risks, stronger winds, and an overall warmer and drier climate. This will likely harm important ecosystems, including wetlands, mangroves, and coral reefs. Some models project that arid and semi-arid areas may become drier and hotter, which would exacerbate preexisting water scarcity and agricultural challenges for the already vulnerable communities living there. That said, these projections are not corroborated by all models. The climate change impact on other areas, particularly south and west of Mount Kenya, could generally be positive, as it would provide even better conditions for agriculture. The key climate change risk for Kenya is from extreme events, in particular droughts and floods. The frequency and intensity of such events is likely to increase because of climate change. They also often lead to adverse knock-on effects, such as soil erosion, land degradation, and pest breakouts. Overall, Kenya’s updated Nationally Determined Contribution (NDC) (2020) estimates that between 2010 and 2020, adverse climate change-related events led to annual socioeconomic losses of 3–5 percent of total gross domestic product (GDP).

Book Synopsis From climate risk to resilience: Unpacking the economic impacts of climate change in Kenya by : Detelinova, Iva

Download or read book From climate risk to resilience: Unpacking the economic impacts of climate change in Kenya written by Detelinova, Iva and published by Intl Food Policy Res Inst. This book was released on 2023-11-13 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Substantial model variability exists regarding the likely meteorological impact of climate change on Kenya, particularly with respect to future precipitation levels. Significant regional differences are expected, largely due to Kenya’s diverse climate profile. Overall, temperatures are projected to increase while future precipitation levels are highly uncertain. Climate change is expected to significantly affect coastal areas, including because of sea level rise risks, stronger winds, and an overall warmer and drier climate. This will likely harm important ecosystems, including wetlands, mangroves, and coral reefs. Some models project that arid and semi-arid areas may become drier and hotter, which would exacerbate preexisting water scarcity and agricultural challenges for the already vulnerable communities living there. That said, these projections are not corroborated by all models. The climate change impact on other areas, particularly south and west of Mount Kenya, could generally be positive, as it would provide even better conditions for agriculture. The key climate change risk for Kenya is from extreme events, in particular droughts and floods. The frequency and intensity of such events is likely to increase because of climate change. They also often lead to adverse knock-on effects, such as soil erosion, land degradation, and pest breakouts. Overall, Kenya’s updated Nationally Determined Contribution (NDC) (2020) estimates that between 2010 and 2020, adverse climate change-related events led to annual socioeconomic losses of 3–5 percent of total gross domestic product (GDP).

From climate risk to resilience: Unpacking the economic impacts of climate change in Mozambique

Author: Detelinova, Iva

Publisher: Intl Food Policy Res Inst

Published: 2023-11-13

Total Pages: 43

ISBN-13:

DOWNLOAD EBOOK

Mozambique is already vulnerable to extreme weather events and climate change is projected to exacerbate their frequency and intensity. The occurrence of cyclones and flooding has increased in recent years and the trend is expected to continue. The country’s coast—where 60 percent of the population, the three biggest cities, and critical infrastructure are situated—is most exposed to climate change-related risks, including damage from cyclones and projected sea level rise. Densely populated and low-lying regions, such as Zambezia, Nampula, Sofala, and Maputo Provinces, are particularly exposed to risks from flooding. More broadly, climate change is projected to increase average temperatures across the country and to result in higher variability in precipitation, especially in the south. The most critical economic sectors vulnerable to climate change in Mozambique are agriculture, transport, and potentially energy. In agriculture, maize is likely to be the most affected key crop. This can pose risks to food security (alongside expected higher food inflation because of climate change), given maize’s widespread cultivation and role in nutrition. The impact on other crops is likely to be more limited, and to a large extent driven by damages from increased frequency of extreme weather events. This could exacerbate challenges in the sector, which is already constrained by low productivity and limited arable areas. That said, climate change could create some opportunities; for example, rice yields are projected to improve. Most studies project agricultural production in the central region to be most adversely affected by climate change, albeit the impact varies by crop and within regions. Mozambique’s transport infrastructure is highly vulnerable to climate change due to the projected increase in flooding, the low proportion of paved roads, their limited interconnectivity, and the vulnerability of ports to cyclones and storm surges. Damages to Mozambique’s transport sector are likely to have knock-on effects to other sectors and can have significant regional implications, as the country serves as a conduit for landlocked neighboring countries. Infrastructure damages, alongside the projected coastal erosion, may severely affect the tourism sector. Furthermore, Mozambique’s high dependence on hydropower exposes it to losses from rainfall variability, which is expected to increase. The country’s largest hydropower plant is located downstream on the Zambezi River, which various studies project to dry up due to climate change. Increased water use in upstream countries (such as because of greater irrigation needs and in response to growing populations) could also pose risks to Mozambique’s hydropower sector.

Book Synopsis From climate risk to resilience: Unpacking the economic impacts of climate change in Mozambique by : Detelinova, Iva

Download or read book From climate risk to resilience: Unpacking the economic impacts of climate change in Mozambique written by Detelinova, Iva and published by Intl Food Policy Res Inst. This book was released on 2023-11-13 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mozambique is already vulnerable to extreme weather events and climate change is projected to exacerbate their frequency and intensity. The occurrence of cyclones and flooding has increased in recent years and the trend is expected to continue. The country’s coast—where 60 percent of the population, the three biggest cities, and critical infrastructure are situated—is most exposed to climate change-related risks, including damage from cyclones and projected sea level rise. Densely populated and low-lying regions, such as Zambezia, Nampula, Sofala, and Maputo Provinces, are particularly exposed to risks from flooding. More broadly, climate change is projected to increase average temperatures across the country and to result in higher variability in precipitation, especially in the south. The most critical economic sectors vulnerable to climate change in Mozambique are agriculture, transport, and potentially energy. In agriculture, maize is likely to be the most affected key crop. This can pose risks to food security (alongside expected higher food inflation because of climate change), given maize’s widespread cultivation and role in nutrition. The impact on other crops is likely to be more limited, and to a large extent driven by damages from increased frequency of extreme weather events. This could exacerbate challenges in the sector, which is already constrained by low productivity and limited arable areas. That said, climate change could create some opportunities; for example, rice yields are projected to improve. Most studies project agricultural production in the central region to be most adversely affected by climate change, albeit the impact varies by crop and within regions. Mozambique’s transport infrastructure is highly vulnerable to climate change due to the projected increase in flooding, the low proportion of paved roads, their limited interconnectivity, and the vulnerability of ports to cyclones and storm surges. Damages to Mozambique’s transport sector are likely to have knock-on effects to other sectors and can have significant regional implications, as the country serves as a conduit for landlocked neighboring countries. Infrastructure damages, alongside the projected coastal erosion, may severely affect the tourism sector. Furthermore, Mozambique’s high dependence on hydropower exposes it to losses from rainfall variability, which is expected to increase. The country’s largest hydropower plant is located downstream on the Zambezi River, which various studies project to dry up due to climate change. Increased water use in upstream countries (such as because of greater irrigation needs and in response to growing populations) could also pose risks to Mozambique’s hydropower sector.

High-risk Series

Author: United States. General Accounting Office

Publisher:

Published: 1999

Total Pages: 184

ISBN-13:

DOWNLOAD EBOOK

Book Synopsis High-risk Series by : United States. General Accounting Office

Download or read book High-risk Series written by United States. General Accounting Office and published by . This book was released on 1999 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Critical Mineral Resources of the United States

Author: K. J. Schulz

Publisher: Geological Survey

Published: 2017

Total Pages: 868

ISBN-13: 9781411339910

DOWNLOAD EBOOK

As the importance and dependence of specific mineral commodities increase, so does concern about their supply. The United States is currently 100 percent reliant on foreign sources for 20 mineral commodities and imports the majority of its supply of more than 50 mineral commodities. Mineral commodities that have important uses and face potential supply disruption are critical to American economic and national security. However, a mineral commodity's importance and the nature of its supply chain can change with time; a mineral commodity that may not have been considered critical 25 years ago may be critical today, and one considered critical today may not be so in the future. The U.S. Geological Survey has produced this volume to describe a select group of mineral commodities currently critical to our economy and security. For each mineral commodity covered, the authors provide a comprehensive look at (1) the commodity's use; (2) the geology and global distribution of the mineral deposit types that account for the present and possible future supply of the commodity; (3) the current status of production, reserves, and resources in the United States and globally; and (4) environmental considerations related to the commodity's production from different types of mineral deposits. The volume describes U.S. critical mineral resources in a global context, for no country can be self-sufficient for all its mineral commodity needs, and the United States will always rely on global mineral commodity supply chains. This volume provides the scientific understanding of critical mineral resources required for informed decisionmaking by those responsible for ensuring that the United States has a secure and sustainable supply of mineral commodities.

Book Synopsis Critical Mineral Resources of the United States by : K. J. Schulz

Download or read book Critical Mineral Resources of the United States written by K. J. Schulz and published by Geological Survey. This book was released on 2017 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the importance and dependence of specific mineral commodities increase, so does concern about their supply. The United States is currently 100 percent reliant on foreign sources for 20 mineral commodities and imports the majority of its supply of more than 50 mineral commodities. Mineral commodities that have important uses and face potential supply disruption are critical to American economic and national security. However, a mineral commodity's importance and the nature of its supply chain can change with time; a mineral commodity that may not have been considered critical 25 years ago may be critical today, and one considered critical today may not be so in the future. The U.S. Geological Survey has produced this volume to describe a select group of mineral commodities currently critical to our economy and security. For each mineral commodity covered, the authors provide a comprehensive look at (1) the commodity's use; (2) the geology and global distribution of the mineral deposit types that account for the present and possible future supply of the commodity; (3) the current status of production, reserves, and resources in the United States and globally; and (4) environmental considerations related to the commodity's production from different types of mineral deposits. The volume describes U.S. critical mineral resources in a global context, for no country can be self-sufficient for all its mineral commodity needs, and the United States will always rely on global mineral commodity supply chains. This volume provides the scientific understanding of critical mineral resources required for informed decisionmaking by those responsible for ensuring that the United States has a secure and sustainable supply of mineral commodities.

From climate risk to resilience: Unpacking the economic impacts of climate change in Zambia

Author: Detelinova, Iva

Publisher: Intl Food Policy Res Inst

Published: 2023-11-14

Total Pages: 44

ISBN-13:

DOWNLOAD EBOOK

Climate change is projected to cause an increase in average temperatures in Zambia and a decline in rainfall, particularly in the southern and western regions. The country experiences high rainfall variability, which climate change is expected to exacerbate, resulting in likely higher frequency and intensity of already reoccurring extreme weather events, such as droughts and floods. The combined effect of the temperature and precipitation projections is anticipated to cause a decrease in water availability at national level and to adversely affect the Zambezi, Kafue, and Luangwa River Basins. Overall, these trends will exacerbate existing vulnerabilities in southwestern Zambia, as the region is already prone to droughts (as well as floods in some parts). On the other hand, the northern parts of the country are projected to experience a slight increase in rainfall and to be overall relatively positively affected by climate change. The key sectors most likely to be significantly affected by climate change in Zambia include agriculture, road infrastructure, and energy. In agriculture, the key risk stemming from climate change is the projected lower maize yields, as this is the country’s staple crop. Other crops are also expected to be adversely affected by higher temperatures, reduced rainfall, and increased occurrence of extreme events, particularly in southern and western Zambia. That said, changing climate conditions could create new agricultural opportunities in the north. Climate change is projected to negatively affect the livestock subsector, which will increase food security risks, particularly for subsistence farmers. In road infrastructure, the projected higher occurrence of flooding, especially in Lusaka Province, could have a knock-on effect for the rest of the economy, particularly if it damages key international corridors passing through this region and/or affects domestic supply chains. Zambia is significantly reliant on hydropower and is already experiencing severe power cuts due to drought. The risks in the sector are exacerbated by the location of key hydropower plants in the southern parts of the country and the projected drying up of main river basins. The electricity shortages have spillover effects on the rest of the economy, including the copper industry, Zambia’s key export. This has international implications, as Zambia is a top copper producer worldwide, and demand for copper is expected to increase significantly due to its crucial role in various green technologies. Thus, absent adaptation measures, the adverse impact of climate change in Zambia could affect global mitigation efforts and strategies.

Book Synopsis From climate risk to resilience: Unpacking the economic impacts of climate change in Zambia by : Detelinova, Iva

Download or read book From climate risk to resilience: Unpacking the economic impacts of climate change in Zambia written by Detelinova, Iva and published by Intl Food Policy Res Inst. This book was released on 2023-11-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is projected to cause an increase in average temperatures in Zambia and a decline in rainfall, particularly in the southern and western regions. The country experiences high rainfall variability, which climate change is expected to exacerbate, resulting in likely higher frequency and intensity of already reoccurring extreme weather events, such as droughts and floods. The combined effect of the temperature and precipitation projections is anticipated to cause a decrease in water availability at national level and to adversely affect the Zambezi, Kafue, and Luangwa River Basins. Overall, these trends will exacerbate existing vulnerabilities in southwestern Zambia, as the region is already prone to droughts (as well as floods in some parts). On the other hand, the northern parts of the country are projected to experience a slight increase in rainfall and to be overall relatively positively affected by climate change. The key sectors most likely to be significantly affected by climate change in Zambia include agriculture, road infrastructure, and energy. In agriculture, the key risk stemming from climate change is the projected lower maize yields, as this is the country’s staple crop. Other crops are also expected to be adversely affected by higher temperatures, reduced rainfall, and increased occurrence of extreme events, particularly in southern and western Zambia. That said, changing climate conditions could create new agricultural opportunities in the north. Climate change is projected to negatively affect the livestock subsector, which will increase food security risks, particularly for subsistence farmers. In road infrastructure, the projected higher occurrence of flooding, especially in Lusaka Province, could have a knock-on effect for the rest of the economy, particularly if it damages key international corridors passing through this region and/or affects domestic supply chains. Zambia is significantly reliant on hydropower and is already experiencing severe power cuts due to drought. The risks in the sector are exacerbated by the location of key hydropower plants in the southern parts of the country and the projected drying up of main river basins. The electricity shortages have spillover effects on the rest of the economy, including the copper industry, Zambia’s key export. This has international implications, as Zambia is a top copper producer worldwide, and demand for copper is expected to increase significantly due to its crucial role in various green technologies. Thus, absent adaptation measures, the adverse impact of climate change in Zambia could affect global mitigation efforts and strategies.

From climate risk to resilience: Unpacking the economic impacts of climate change in Malawi

Author: Detelinova, Iva

Publisher: Intl Food Policy Res Inst

Published: 2023-11-14

Total Pages: 37

ISBN-13:

DOWNLOAD EBOOK

Climate change is not projected to materially alter Malawi’s climate profile. Instead, it is likely to exacerbate existing climate vulnerabilities by increasing the frequency and intensity of cyclones, floods, and droughts. This is largely due to increased uncertainty around future precipitation levels. These adverse effects have already started to materialize and are expected to increase substantially over the next decades, particularly if efforts to reduce global greenhouse gas emissions by high emitting countries are insufficient. Climate change is also projected to increase average annual temperatures across the country. Climate change is expected to significantly affect Malawi’s economy, mainly because of its dependence on climate-sensitive economic sectors and its low capacity to take adaptation measures due to preexisting macroeconomic vulnerabilities. Malawi’s sensitivity to climate shocks is underpinned by significant environmental degradation, in particular deforestation, watershed degradation, and poor soil management. The two main impact channels are likely to be agriculture and road infrastructure. In agriculture, the increased uncertainty around future precipitation levels in Malawi will likely result in higher variability in crop yields. Climate change is projected to exacerbate preexisting environmental degradation challenges, including soil erosion. These effects are particularly problematic due to Malawi’s high poverty rate, lack of economic diversification (the agriculture sector represents one-third of the economy and employs over 70 percent of the workforce), and significant dependence on rainfed production (about 80 percent of the population). Climate change is likely to significantly impact Malawi’s road infrastructure, mainly due to increased risk of flooding, which would have broader economic and social knock-on impacts.

Book Synopsis From climate risk to resilience: Unpacking the economic impacts of climate change in Malawi by : Detelinova, Iva

Download or read book From climate risk to resilience: Unpacking the economic impacts of climate change in Malawi written by Detelinova, Iva and published by Intl Food Policy Res Inst. This book was released on 2023-11-14 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is not projected to materially alter Malawi’s climate profile. Instead, it is likely to exacerbate existing climate vulnerabilities by increasing the frequency and intensity of cyclones, floods, and droughts. This is largely due to increased uncertainty around future precipitation levels. These adverse effects have already started to materialize and are expected to increase substantially over the next decades, particularly if efforts to reduce global greenhouse gas emissions by high emitting countries are insufficient. Climate change is also projected to increase average annual temperatures across the country. Climate change is expected to significantly affect Malawi’s economy, mainly because of its dependence on climate-sensitive economic sectors and its low capacity to take adaptation measures due to preexisting macroeconomic vulnerabilities. Malawi’s sensitivity to climate shocks is underpinned by significant environmental degradation, in particular deforestation, watershed degradation, and poor soil management. The two main impact channels are likely to be agriculture and road infrastructure. In agriculture, the increased uncertainty around future precipitation levels in Malawi will likely result in higher variability in crop yields. Climate change is projected to exacerbate preexisting environmental degradation challenges, including soil erosion. These effects are particularly problematic due to Malawi’s high poverty rate, lack of economic diversification (the agriculture sector represents one-third of the economy and employs over 70 percent of the workforce), and significant dependence on rainfed production (about 80 percent of the population). Climate change is likely to significantly impact Malawi’s road infrastructure, mainly due to increased risk of flooding, which would have broader economic and social knock-on impacts.