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DahyannAraya committed Apr 30, 2024
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"According to the IPCC [[1]](#1), natural risks emerge through the\n",
"interplay of climate and weather-related hazards, the exposure of goods\n",
"or people to this hazard, and the specific vulnerability of exposed\n",
"people, infrastructure and environment. In CLIMADA, vulnerability is\n",
"operationalized through the use of impact functions, which are essential\n",
"in determining the extent to which exposure is affected by a given hazard.\n",
"people, infrastructure and environment. \n",
"\n",
"The unit of measurement for risk in CLIMADA is selected based on its relevance\n",
"to the specific decision-making context and is not limited to monetary units\n",
"alone. For instance, wildfire risk may be quantified by the burned area\n",
"(hazard) and the exposure could be measured by the population density or the\n",
"replacement value of homes. Consequently, risk could be expressed in terms of\n",
"to the specific decision-making context and is not limited to monetary units\n",
"alone. For instance, wildfire risk may be quantified by the burned area\n",
"(hazard) and the exposure could be measured by the population density or the\n",
"replacement value of homes. Consequently, risk could be expressed in terms of\n",
"the number of people affected for evacuation planning, or the cost of repairs\n",
"for property insurance purposes.\n",
"\n",
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"\n",
"where $f_{\\text{imp}}$ is the impact function which parametrizes to what extent\n",
"an exposure will be affected by a specific hazard. **While the term 'vulnerability\n",
"function' is broadly used in the modelers community, we adopt the term\n",
"'impact function' to explicitly include the option of opportunities\n",
"(i.e. negative damages)**. Using this approach, CLIMADA constitutes a\n",
"platform to analyse risks of different hazard types in a globally\n",
"consistent fashion at different resolution levels, at scales from\n",
"multiple kilometres down to meters, tailored to the specific requirements of\n",
"the analysis.\n",
"function' is broadly used in the modelers community, we adopt the broader term \n",
"'impact function'. Impact functions can be vulnerability functions or structural \n",
"damage functions, but could also be productivity functions or warning levels. This \n",
"definition also explicitly includes the option of opportunities (i.e. negative damages).**\n",
"\n",
"Using this approach, CLIMADA constitutes a platform to analyse risks of different\n",
"hazard types in a globally consistent fashion at different resolution levels, \n",
"at scales from multiple kilometres down to meters, tailored to the specific \n",
"requirements of the analysis.\n",
"\n",
"\n",
"<br/><br/>\n",
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