Key Messages

Risk, in the context of climate change, is a function of three factors — hazards, exposure, and vulnerability. Global practitioners carry out either hazard mapping or vulnerability assessments and often term the outputs of these assessments as ‘risk’, which does not align with the Intergovernmental Panel on Climate Change (IPCC) definition of risk (IPCC 2020). The two forms of assessments provide complementary results, and when integrated, they signify risk — highlighted in the first of this blog series. Another aspect emphasised in the previous blog was the absence of accounting for sectoral interdependencies in climate risk assessments. This piece will shed light on what sectoral interdependencies are, the need for incorporating them in risk characterisation, and the ways in which they can be incorporated.