What is a risk approach? What are our A risk based approach involves considering the adaptation shaping likelihood and consequences of impacts, to make decisions in relation to a range of issues that pose principles? actual or potential risks. This means: Focusing resources there are potential risks and using a robust What best practice adaptation means for management approach Maroondah: Identifying and understanding risks Targeting priorities, for risk action or Listen to the community and shape treatment. their values into the places they love Why do we need a risk based approach? Perform under a number of different future scenarios Risk assessment is fundamental to getting risk management right. There are plenty of sources of Consider all climate hazards when risk analysis models. The central dynamics of developing adaptation actions some popular models include the following. Key Do not increase vulnerability of people terms: and places to climate risk Hazard = the potentially damaging event. Measurably improve the health and Exposure = the people and places resilience of people and places to exposed and their degree of exposure. pressures and climate change Vulnerability = the people and places most at risk. Tailor actions and treatments to being performed Sometimes these three stages have been represented as a Triangle”. “Risk Prioritise actions according to cost and impact, both short and long term Vulnerability is a function of exposure, sensitivity and the adaptive capacity of the system. Climate Do not create unintended change vulnerability refers to susceptibility to consequences (maladaptation) impacts resulting from climate change. Consider co-benefits through A standard risk assessment methodolgy was adaptation action rather than single used for the project in line with AS/NZS ISO outcomes 31000:2009 Risk Management Principles and – Meet planned budgets Guidelines on Implementation. The importance of modifying risk through Be flexible and iterative mitigation Improve and invest in knowledge improvement. When a risk is established, the most important task is to reduce it. This is the role of mitigation. These principles will inform the implementation of the developing strategy. When mitigation is added to either of the key terms mentioned above, you can potentially Risk based approach modify (hopefully reduce) the identified risk.
What are our adaptation shaping principles? What best practice adaptation means for Maroondah: Listen to the community and shape their values into the places they love Perform under a number of different future scenarios Consider all climate hazards when developing adaptation actions Do not increase vulnerability of people and places to climate risk Measurably improve the health and resilience of people and places to pressures and climate change Tailor actions and treatments to being performed Prioritise actions according to cost and impact, both short and long term Do not create unintended consequences (maladaptation) Consider co-benefits through adaptation action rather than single outcomes Meet planned budgets Be flexible and iterative Improve and invest in knowledge improvement. These principles will inform the implementation of the developing strategy. Risk based approach What is a risk approach? A risk based approach involves considering the likelihood and consequences of impacts, to make decisions in relation to a range of issues that pose actual or potential risks. This means: Focusing resources there are potential risks and using a robust management approach Identifying and understanding risks Targeting priorities, for risk action or treatment. Why do we need a risk based approach? Risk assessment is fundamental to getting risk management right. There are plenty of sources of risk analysis models. The central dynamics of some popular models include the following. Key terms: Hazard = the potentially damaging event. Exposure = the people and places exposed and their degree of exposure. Vulnerability = the people and places most at risk. Sometimes these three stages have been represented as a “Risk Triangle”. Vulnerability is a function of exposure, sensitivity and the adaptive capacity of the system. Climate change vulnerability refers to susceptibility to impacts resulting from climate change. A standard risk assessment methodolgy was used for the project in line with AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines on Implementation. The importance of modifying risk through mitigation When a risk is established, the most important task is to reduce it. This is the role of mitigation. When mitigation is added to either of the key terms mentioned above, you can potentially modify (hopefully reduce) the identified risk.
climate-risk-and-adaptation-strategy-discussion-paper-2016.docx