• Title/Summary/Keyword: Climate Risk

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Estimation of Physical Climate Risk for Private Companies (민간기업을 위한 물리적 기후리스크 추정 연구)

  • Yong-Sang Choi;Changhyun Yoo;Minjeong Kong;Minjeong Cho;Haesoo Jung;Yoon-Kyoung Lee;Seon Ki Park;Myoung-Hwan Ahn;Jaehak Hwang;Sung Ju Kim
    • Atmosphere
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    • v.34 no.1
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    • pp.1-21
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    • 2024
  • Private companies are increasingly required to take more substantial actions on climate change. This study introduces the principle and cases of climate (physical) risk estimation for 11 private companies in Korea. Climate risk is defined as the product of three major determinants: hazard, exposure, and vulnerability. Hazard is the intensity or frequency of weather phenomena that can cause disasters. Vulnerability can be reflected in the function that explains the relationship between past weather records and loss records. The final climate risk is calculated by multiplying the function by the exposure, which is defined as the area or value of the target area exposed to the climate. Future climate risk is estimated by applying future exposure to estimated future hazard using climate model scenarios or statistical trends based on weather data. The estimated climate risks are developed into three types according to the demand of private companies: i) climate risk for financial portfolio management, ii) climate risk for port logistics management, iii) climate risk for supply chain management. We hope that this study will contribute to the establishment of the climate risk management system in the Korean industrial sector as a whole.

Monitoring regional inequalities in climate change risk - A Focus on Heatwave - (기후변화 리스크의 지역 불평등 모니터링 : 폭염을 중심으로)

  • Kim, Geun-Han
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.24 no.6
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    • pp.97-107
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    • 2021
  • Abnormal climate caused by climate change causes enormous social and economic damage. And such damage and its impact may vary depending on the location and regional characteristics of the region and the social and economic conditions of local residents. Therefore, it is necessary to continuously monitor whether there are indicators that are weaker than other regions among the detailed indicators that constitute the risk, exposure and vulnerability of climate change risk. In this study, the concept of climate change risk was used for heatwave to determine regional inequality of climate change risk. In other words, it was judged that inequality in climate change risk occurred in regions with high risk but high exposure and low vulnerability compared to other regions. As a result of the analysis, it was found that 13 local governments in Korea experienced regional inequality in climate change risk. In order to resolve regional inequality in climate change risks, the current status of regional inequality in climate change should be checked based on the analysis proposed in this study, there is a need for an evaluation and monitoring system that can provide appropriate feedback on areas where inequality has occurred. This continuous evaluation and monitoring-based feedback system is expected to be of great help in resolving regional inequality in climate change risks.

A Framework for Climate Change Risk Management (기후변화 위험관리를 위한 체계)

  • Lee, Seungjun
    • Journal of the Society of Disaster Information
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    • v.15 no.3
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    • pp.367-379
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    • 2019
  • Purpose: This study aims to propose a framework for climate change risk management by analyzing characteristics of climate-induced disasters. Method: The recent global and domestic trends of loss and damage under natural disaster events and the characteristics of climate-induced disasters were analyzed to design a framework for climate change risk management. Results: In consideration of the uncertainty of climate risk and various spatio-temporal scales of climate disasters, a new framework is suggested for comprehensive climate risk management that includes risk assessment, goal setting, planning, monitoring and evaluation, learning and adjustment. The framework aims at an iterative process that is activated by stakeholder engagement. Conclusion: Pilot studies need to be conducted to revise and polish the framework in the future, and institutional arrangements should be prepared for the effective implementation of the comprehensive climate risk management.

Global Assessment of Climate Change-Associated Drought Risk

  • Kim, Heey Jin;Kim, Yeonjoo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.397-397
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    • 2019
  • With the consequences of climate change becoming more evident, research on climate-associated risks has become a basis for climate adaptation and mitigation. Amongst the different sectors and natural resources considered in assessing such risks, drought is one impact to our environment that experiences stress from climate change but is often overlooked and has the potential to bring severe consequences when drought occurs. For example, when temperatures are higher, water demand increases and water supply decreases; when precipitation patterns fluctuate immensely, floods and droughts occur more frequently at greater magnitudes, putting stress on ecosystems. Hence, it is important for us to evaluate drought risk to observe how different climate change and socioeconomic scenarios can affect this vital life resource. In this study, we review the context of drought risk on the basis of climate change impacts and socioeconomic indicators. As underlined in the IPCC AR5 report, the risks are identified by understanding the vulnerability, exposure, and hazards of drought. This study analyzed drought risk on a global scale with different RCP scenarios projected until the year 2099 with a focus on the variables population, precipitation, water resources, and temperature.

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The Influence of Safety Climate, Safety Leadership, Workload, and Accident Experiences on Risk Perception: A Study of Korean Manufacturing Workers

  • Oah, Shezeen;Na, Rudia;Moon, Kwangsu
    • Safety and Health at Work
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    • v.9 no.4
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    • pp.427-433
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    • 2018
  • Background: The purpose of this study was to identify the influence of workers' perceived workload, accident experiences, supervisors' safety leadership, and an organization's safety climate on the cognitive and emotional risk perception. Methods: Six hundred and twenty employees in a variety of manufacturing organizations were asked to complete to a questionnaire. Among them, a total of 376 employees provided valid data for analysis. To test the hypothesis, correlation analysis and hierarchical regression analysis were used. Statistical analyses were conducted using IBM SPSS program, version 23. Results: The results indicated that workload and accident experiences have a positive influence and safety leadership and safety climate have a negative influence on the cognitive and emotional risk perception. Workload, safety leadership, and the safety climate influence perceived risk more than accident experience, especially for the emotional risk perception. Conclusion: These results indicated that multilevel factors (organization, group, and individual) play a critical role in predicting individual risk perceptions. Based on these results, therefore, to reduce risk perception related with unsafe behaviors and accidents, organizations need to conduct a variety of safety programs that enhance their safety climate beyond simple safety-related education and training. Simultaneously, it needs to seek ways to promote supervisors' safety leadership behaviors (e.g., site visits, feedback, safety communication, etc.). In addition, it is necessary to adjust work speed and amount and allocate task considering employees' skill and ability to reduce the workload for reducing risk perception.

Attribution of Responsibility, Risk Perception, and Perceived Corporate Social Responsibility in Predicting Policy Support for Climate Change Mitigation: Evidence from South Korea

  • Bumsub Jin
    • Asian Journal for Public Opinion Research
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    • v.11 no.3
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    • pp.182-200
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    • 2023
  • A recent nationwide survey reported that South Koreans perceive large corporations as the party that should be the most responsible for tackling climate change. This public opinion result offers insight into the argument that defining who is responsible for the climate change issue can guide campaigners and policymakers in designing effective communication strategies. This study examines how attributing responsibility to large corporations can affect behavioral intention to support government policy and regulation via a moderated mediation model of the perceived risk of climate change and corporate social responsibility (CSR). A nationwide online survey of 295 South Koreans was conducted. The findings reveal an indirect effect of responsibility attribution on behavioral intention through risk perception. Moreover, perceived CSR moderated the causal link between risk perception and behavioral intention, such that South Koreans reported higher levels of behavioral intention when they reported higher CSR. However, perceived CSR failed to moderate the indirect effect. These findings have implications for communication processes and policymaking to address climate change problems in South Korea.

Implementation of Agrometeorological Early Warning System for Weather Risk Management in South Korea

  • Shim, Kyo Moon;Kim, Yong Seok;Jung, Myung-Pyo;Choi, In Tae;Kim, Hojung;Kang, Kee Kyung
    • Journal of Climate Change Research
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    • v.8 no.2
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    • pp.171-175
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    • 2017
  • The purpose of the farmstead-specific early warning service system for weather risk management is to develop custom-made risk management recommendations for individual farms threatened by climate change and its variability. This system quantifies weather conditions into a "weather risk index" that is customized to crop and its growth stage. When the risk reaches the stage where it can cause any damage to the crops, the system is activated and the corresponding warning messages are delivered to the farmer's mobile phone. The messages are sent with proper recommendations that farmers can utilize to protect their crops against potential damage. Currently, the technology necessary to make the warning system more practical has been developed, including technology for forecasting real-time weather conditions, scaling down of weather data to the individual farm level and risk assessments of specific crops. Furthermore, the scientific know-how has already been integrated into a web-based warning system (http://new.agmet.kr). The system is provided to volunteer farmers with direct, one-on-one weather data and disaster warnings along with relevant recommendations. In 2016, an operational system was established in a rural catchment ($1,500km^2$) in the Seomjin river basin.

Risk Assessment of Public Agencies' Buildings due to Climate Change (기후변화에 따른 공공기관 건축물의 리스크평가)

  • Choi, Yun-Cheul
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.33 no.12
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    • pp.3-10
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    • 2017
  • Climate change not only has various impacts such as human shoes, economics, the environment, industry, etc. but the damage caused by this is also increasing, it is expected that severe damage will not occur without efforts to respond to climate change ing. Therefore, as the impact of climate change like the extreme weather phenomenon is dailyized and its strength tends to become stronger, as much as the mitigation measures of climate change, as a comparative effort to reduce the negative impact of climate change, adaptation to climate change is necessary. Especially when the damage caused by climate change (intense heat, torrential rain, cold wave and heavy snow etc.) as an institution responsible for the provision of public services such as public institutions, the socio-economic spread to the nation and the people The effect is very large. We confirmed the level of response to climate change for the entire public institution, and selected climate change risk which is relatively important for specific facilities and business establishments of public institutions, climate change adaptation measures We will try to utilize it as basic material of establishment.

A study of how Supply Chain companies correspond to water risk resulted from climate change (기후변화에 따른 기업 공급체인의 물 리스크 대응 실태 조사)

  • Park, Jiyoung;Park, Seogha;Lim, Byungsun;Kim, Chesoong
    • Journal of the Korea Safety Management & Science
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    • v.17 no.1
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    • pp.149-168
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    • 2015
  • It is expected that the temperature in Pyeongyang will be similar to that ($16.6^{\circ}C$) in Seogwipo in the late 21st century, and most of South Korea will enter the subtropical climate due to climate change. Change in the precipitation pattern like the range of fluctuation caused by climate change will lead to expanded uncertainty in securing reliable water supply, along with a serious impact on demands for living and industrial water due to change in the volume and period of river outflow. As industrial water for production activities is estimated based on the contract quantity, it is difficult to apply rationalization of water usage and incentives in water recycling. Therefore many companies are making efforts in complying with the effluent standard while spending few resources on such rationalization and recycling. This study researched water risk management over 115 Korean companies by 28 questions in 4 categories. Through the research, this study aims to understand water risk management levels and seek response plans.

Risk Assessment and Clasification for Climate Change Adaptation: Application on the Method of Climate Change Risk Assessment in the UK (기후변화 적응을 위한 리스크 평가 및 유형화: 영국의 정성적 리스크 평가 방법론 적용)

  • Kim, Dong Hyun
    • Journal of Environmental Policy
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    • v.14 no.1
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    • pp.53-83
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    • 2015
  • Recently, climate change risk assessment has been discussed as a medium process for making climate change adaptation policies in the research field of climate change adaptation. Climate change risk assessment has been understood to have an intermediary role among impact assessment, vulnerable assessment and policy, and is used in the process of devising adaptation policies in the United Kingdom (UK). This paper quantitatively assessed the risks of climate change in Korea, applied the methods used in the UK, underwent the classification process and suggested implications of Korean adaptation policies. A survey of experts, based on Delphi's method and the classification criterion developed by Klinke and Renn(2002), was also carried out. A list of climate risks was created from the climate change impact and vulnerability assessment report of Korea, first national adaptation policy of Korea, and general climate risks of the UK. From the results, 42 risks out of total 125 risks were selected based on their importance. The assessed risks with factors, such as high impact and urgency, are related to repeated and large scale damage from storms and floods caused by abnormal or extreme weather events. Ecological changes and social infrastructure risks were engaged as required as a policy response for medium to longer term. As for making the classification, types of climate risks were suggested to manage the basic capacity in relation to social trust, triggering mechanism and responsibility. Following suggestions are put forward as the base of autonomous adaptation: increasing the capacity of civil society, mutual trust and civil participation in adaptation policy process.

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