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(Climate change) Risk assessment

In general, a climate change risk assessment is an overall process of climate change risk identification, analysis and evaluation of a particular system in order to ensure this system will be resilient to climate change. It includes: the use of climate scenarios to assess the projected climate change impacts to a system, the estimation of the probability of these impacts and then the final estimation of the climate risk to this system. Both quantitative and qualitative techniques can be used to describe and assess risks. Quantitative assessments assign a numerical value to the probability of an event occurring, while qualitative assessments use general description of the magnitude of potential consequences and the likelihood that they will occur.

(composite definition informed, amongst others, by IPCC AR4 WGII, 2007)

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