Sep 2026· IOP Conference Series: Earth and Environment· Vol 1668, pp. 012001· 1 citation· 114 references
Physics
Abstract
Systemic risk in cities arises from interactions between climate hazards and urban systems as well as how we respond to them. While we have made progress in understanding the diversity of climate-related drivers and nature of interactions that affect systemic risk at different scales, we lack clarity on the relative weight of these drivers. To address this gap, the paper proposes a practical framework for attributing the proportional influence of hazards, exposure, vulnerability, and response actions on systemic risk. The method combines impact-chain mapping, counterfactual storylines, and sensitivity analysis to produce a proportional ‘risk budget’ to identify interaction effects. Using Cape Town’s Day Zero drought as a detailed case, this paper shows that proportionality is critical for the allocation of adaptation resources to drivers that matter the most for risk. The example shows how delayed responses at the utility level and uneven business and household-level responses to the drought shaped the systemic risk concerns of the crisis beyond the severity of the drought (hazard) itself. Through extension of attribution to responses, decision-makers are better able to reallocate attention and investment in proportion to multivariate risk drivers and potentially avoid maladaptive responses. The framework supports more strategic, equitable, and adaptive forms of urban risk governance as climate and socio-economic conditions evolve.
Climate change increasingly generates systemic risks that compound across hazards, cascade through interconnected socio-ecological and socio-economic systems, and propagate across borders via trade, infrastructure networks and shared resources. Yet most adaptation policies and planning processes remain organised around...
M. Mikaelsson, Cynthia Crouse, E. Carr et al.· IOP Conference Series: Earth...· 1 citation
Climate change is increasingly recognized as a potential source of financial instability, yet its implications for systemic risk in the insurance sector remain insufficiently understood. This study combines a Copula–DCC–GARCH framework with the ∆CoVaR measure to examine whether climate-related catastrophic events are a...
Anna Denkowska, M. Denkowski, Stanisław Wanat et al.· Stochastic environmental res...· 0 citations
This paper aims to examine the combined effects of climate risk and environmental, social, and governance (ESG)-related uncertainty on insurance companies across a panel of 11 countries.
This study uses the annual time series data related to 11 countries, ranging from 2010 to the 2023. The authors use the pa...
Wael Hemrit· Social Responsibility Journa...· 0 citations
Systemic risk research has emerged as a rapidly expanding field, motivated by the increasing interconnectedness and complexity of global socio-ecological, technological, and economic systems. Here we highlight that systemic risk differs fundamentally from conventional risk: it is characterized by multi-scale interactio...
J. Sillmann, Josipa Županić, Aiswarya Thazhissery Pavanan et al.· IOP Conference Series: Earth...· 0 citations
Air pollution remains a major environmental health challenge, imposing wide-ranging burdens on populations in high- and middle-income countries where it remains a policy-relevant problem. Despite this, existing frameworks for understanding who is most affected, and why, rarely account for the behavioural mechanisms tha...
Antonio Avila-Uribe, Anomitro Chatterjee, Daire McCoy et al.· Frontiers in Environmental H...· 0 citations
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