Findings from Environment Agency Austria Provide New Insights into Climate Change (The status of climate risk management in Austria. Assessing the governance landscape and proposing ways forward for comprehensively managing flood and drought ...) - Insurance News | InsuranceNewsNet

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November 20, 2020 Newswires
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Findings from Environment Agency Austria Provide New Insights into Climate Change (The status of climate risk management in Austria. Assessing the governance landscape and proposing ways forward for comprehensively managing flood and drought …)

Insurance Daily News

2020 NOV 20 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on climate change have been published. According to news originating from Vienna, Austria, by NewsRx correspondents, research stated, “Climate and weather-related damage have been increasing globally in recent decades. Due to climate change and socio-economic developments, a further increase in climate-related risks is expected.”

Our news journalists obtained a quote from the research from Environment Agency Austria: “Numerous countries have a long and successful history in disaster risk management (DRM) to avoid, minimize and manage damage caused by extreme weather events. In addition, climate change adaptation (CCA) focuses on managing the risks resulting from climate change today and in the future. To improve the effectiveness and efficiency of managing climate-related risks, these two independent approaches need to be linked closer in a more holistic approach - a concept that has been termed climate risk management (CRM). In order to build stronger ties in practice, it is crucial to first understand current governance structures in specific countries or regions. This paper focuses on Austria, a country with experience in both DRM and CCA. In this paper, we present a comprehensive picture of the stakeholder landscape and governance structures in the context of managing climate-related risks. We focus on flooding and agricultural drought, two key risks in Austria. Building on a literature review and a two-stage stakeholder process, consisting of stakeholder interviews and stakeholder workshops, relevant institutions and actors were identified and assigned to a 4-phase CRM cycle. Moreover, specific activities of the identified actors and interactions between them were determined.”

According to the news reporters, the research concluded: “Based on these insights, we conclude that a comprehensive CRM, which aligns DRM and CCA practice, does not yet exist in Austria. We propose to establish the missing CRM decision-making structures by e.g. instituting a legally-anchored national climate risk council, which can act as an interface between CRM practice and political decision-making.”

For more information on this research see: The status of climate risk management in Austria. Assessing the governance landscape and proposing ways forward for comprehensively managing flood and drought risk. Climate Risk Management, 2020,30():100246. (Climate Risk Management - http://www.journals.elsevier.com/climate-risk-management/). The publisher for Climate Risk Management is Elsevier.

A free version of this journal article is available at https://doi.org/10.1016/j.crm.2020.100246.

Our news editors report that additional information may be obtained by contacting Markus Leitner, Environment Agency Austria, 1090 Vienna, Austria. Additional authors for this research include Philipp Babcicky, Thomas Schinko, Natalie Glas.

(Our reports deliver fact-based news of research and discoveries from around the world.)

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