A gap approach for preventing stress in complex systems: managing natural hazard induced fiscal risks under a changing climate

19706 11 106045 2 322195 document 106045 fsrma-03-1393667.pdf application/pdf 1afeeceae25944a88bd5c19c827c44a2 MD5 717560 2024-05-09 10:13:24 https://pure.iiasa.ac.at/id/eprint/19706/1/fsrma-03-1393667.pdf 19706 1 1 application/pdf text en public cc_by_4

fsrma-03-1393667.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/106045 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/106045 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/106045 archive 353 disk0/00/01/97/06 2024-05-09 10:17:56 2025-03-26 05:00:21 2024-05-09 10:17:56 article show Hochrainer-Stigler S. 7958 0000-0002-9929-8171 Mechler R. 7793 0000-0003-2239-1578 Deubelli T. 2240 0000-0001-7765-0552 Calliari E. 8955 0000-0002-8075-558X Sakic Trogrlic R. 2356 0000-0002-6627-873X A gap approach for preventing stress in complex systems: managing natural hazard induced fiscal risks under a changing climate pub ASA SYRR Disasters associated with natural hazards as well as climate change are happening within complex socio-economic systems and desired system states, including sustainable development and resource management, are formulated on the global as well as regional and national levels. However, complex system approaches are yet only rudimentarily incorporated in related applications, and we discuss modeling as well as policy challenges focusing on fiscal risk. As an intermediate step we suggest a gap approach which we relate to fiscal stress levels a complex system may experience due to natural hazard events. We argue that in case of no gaps one can assume a no stress situation and therefore modeling of disruptions including cascading effects is less necessary. However, at the same time we also acknowledge that there is an urgent need to address corresponding challenges with complex system methods. Policy-wise our paper responds to concerns for real-world applications and can provide insights to support current discussions within the UNFCCC and Paris Agreement around both adaptation finance and the new funding arrangements for loss and damage from climate impacts established at COP27. 2024-05-09 published doi:10.3389/fsrma.2024.1393667 126 204 3153 2782 3417 public Frontiers in Sustainable Resource Management 3 TRUE 2813-3005 REmote Climate Effects and their Impact on European sustainability, Policy and Trade (RECEIPT, H2020 820712) Multi-hazard risk management through interoperability and co-creation (DIRECTED, HE 101073978) yes info:eu-repo/grantAgreement/EC/H2020/820712/EU//RECEIPT, info:eu-repo/grantAgreement/EC/HE/101073978/EU//DIRECTED info:eu-repo/semantics/article info:eu-repo/semantics/openAccess