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ROC3Risks

Financiado

Economic and Financial Impacts from Rapid-Onset Compound and Cascading Climate r...

Economic and Financial Impacts from Rapid-Onset Compound and Cascading Climate related Risks Rapid-onset hazards often compound (i.e. combination of multiple hazards) or cascade (i.e. when a single hazard triggers a sequence of secondary hazards), being a main source of concern for disaster and financial risk mangers due... ver más

31/12/2025

184K€

Presupuesto del proyecto: 184K€

Líder del proyecto

WIRTSCHAFTSUNIVERSITAT WIEN No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Ver 3 Participantes

Financiación concedida El organismo HORIZON EUROPE notifico la concesión del proyecto el día 2022-07-13

HORIZON-MSCA-2021-PF-01-01: MSCA Postdoctoral Fellowships 2021 ExpectedOutcome:

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Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

3 Participantes

183.60K€ | Lider

EDHEC BUSINESS SCHOOL

N.D. | Participante

ETH Zürich

N.D. | Participante

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Duración del proyecto: 41 meses Fecha Inicio: 2022-07-13
Fecha Fin: 2025-12-31

Líder del proyecto

WIRTSCHAFTSUNIVERSITAT WIEN No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 184K€

Descripción del proyecto Rapid-onset hazards often compound (i.e. combination of multiple hazards) or cascade (i.e. when a single hazard triggers a sequence of secondary hazards), being a main source of concern for disaster and financial risk mangers due to the potential massive direct (e.g. capital stock destruction) and cascading indirect economic (e.g. employment and GDP), social (e.g. inequality) and financial (e.g. public debt) impacts. While the current understanding on how Rapid-Onset Compound and Cascading Climate related (ROC3) hazards interconnect is progressively improving, less attention is given to how ROC3 risks lead to direct and cascading indirect impacts. The research theme proposed in this project proposal will advance the understanding of ROC3 risks by building on state-of-the-art risk models to tackle three interconnected research gaps, related to the need for: (i) identifying which, how and where ROC3 risks may occur; (ii) reliable ROC3 direct impact estimates, and; (iii) a comprehensive and dynamic assessment of the cascading indirect impacts of risks. Building on an innovative analytical framework that integrates disciplines from different scientific fields including environmental, social, and economic sciences, the project will be the first of its kind to develop and apply a comprehensive methodological framework integrating the intrinsic dynamics of ROC3 risks and the cascading macroeconomic and financial indirect impacts. The researcher and two host institutions will mutually benefit from three-way transfer of knowledge. By providing open-access datasets and open-source software, the project results have the potential to inform disaster and financial risk managers and promote the conditions for building resilience to ROC3 risks. The project is aligned with the Sendai Framework for Disaster Risk Reduction and the Paris Agreement.

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