Scoping study: A Comparison of Climate Risk Assessment Methods to Support Informed Decision-making

A foundation of sustainable development is laid by an effective climate risk management which, in turn, is based upon a context-specific climate risk assessment (CRA). However, practitioners interested in implementing a CRA face the challenge of either spending a great amount of time developing a suitable new methodology or identifying one that fits best with their objectives, available resources, geographical context and other defining criteria from a variety of existing approaches.

This scoping study aims to increase understanding of recent innovations, and of remaining methodological challenges to future innovation in CRA. It is based on a large sample of very diverse approaches originating from academia, the private sector (such as insurance or banks), public utility management and development cooperation. The study does not aim to evaluate or rank the various methodologies but instead provides a description of the state of the art and a criteria-based in-depth analysis for selected dimensions.

The results of this study can benefit the future development of methods and approaches by enabling practitioners to learn from past experiences and to foster progress.