Managing systemic risk through transformative change: Combining systemic risk analysis with knowledge co-production

Hochrainer-Stigler, S., Deubelli, T. ORCID: https://orcid.org/0000-0001-7765-0552, Parviainen, J., Cumiskey, L., Schweizer, P.-J., & Dieckmann, U. ORCID: https://orcid.org/0000-0001-7089-0393 (2024). Managing systemic risk through transformative change: Combining systemic risk analysis with knowledge co-production. One Earth 7 (5) 771-781. 10.1016/j.oneear.2024.04.014.

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Abstract

Increasing interconnectedness, along with the effects of climate change and other global risk drivers, has led to mounting systemic risks in the complex systems that characterize our world. Systemic risks, with their cascading impacts and long-term sustainability concerns, necessitate transformative approaches to manage their effects across system scales and dimensions. To date, however, an “operationalization gap” impedes translating between propositions for transformative change and policy options for addressing systemic risk. Here, we propose combining systemic risk analyses with local approaches, prominently including knowledge co-production, to achieve a more comprehensive understanding of complex systems. This combined approach can support stakeholders in designing transformative risk management and adaptation interventions that balance individual and higher-order interactions, incorporate diverse viewpoints, and thus manage systemic risks and leverage transformation potential more effectively. Furthermore, we suggest that a risk-layering approach can help differentiate, prioritize, and orchestrate these options for incremental and transformative changes.

Item Type:	Article
Uncontrolled Keywords:	transformation, systemic risk, knowledge co-production, disaster risk management, climate-change adaptation
Research Programs:	Advancing Systems Analysis (ASA) Advancing Systems Analysis (ASA) > Cooperation and Transformative Governance (CAT) Advancing Systems Analysis (ASA) > Exploratory Modeling of Human-natural Systems (EM) Advancing Systems Analysis (ASA) > Systemic Risk and Resilience (SYRR)
Depositing User:	Luke Kirwan
Date Deposited:	21 May 2024 09:10
Last Modified:	09 Sep 2024 12:50
URI:	https://pure.iiasa.ac.at/19733

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