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Systemic risk – assessing, modelling, coping

3rd International ConferenceNatural Hazards and Risks in a Changing World

Convener:

Jana Sillmann (Universität Hamburg)

Co-convener(s):

Markus Reichstein (Max Planck Gesellschaft)Pia-Johanna Schweizer (Research Institute for Sustainability Helmholtz Centre Potsdam)

In an increasingly complex and interconnected world, systemic  risks are emerging as a profound challenge.

These risks can stem from the interplay of climate change and natural hazards within a web of interdependent social, technical, environmental, and economic systems. Systemic risk is characterised by cascading impacts that spread within and across systems and sectors (e.g. ecosystems, health, infrastructure and the food sector) via the movements of people, goods, capital and information within and across system boundaries.

The spread of these impacts can lead to potentially existential consequences and system collapse across a range of time horizons and overwhelm society’s ability to respond, from local to national to global scales. Traditional hazard-by-hazard risk assessments and management are not able to capture systemic risk.

This session invites contributions that offer insights in drivers of systemic risk, introduce new methodologies to assess and model systemic risk, and provide examples of systemic risk management. Additionally, we invite recent research in exploring opportunities for participatory and transdisciplinary research that can help us better understand, mitigate, and navigate these complex challenges.