Emerging Risks: Methodology, Classification and Policy Implications

DOI

10.2991/jrarc.2014.4.3.1How to use a DOI?

Keywords

Emerging risk, risk governance, International Risk Governance Council (IRGC), risk management protocol, risk patterns, risk-policies

Abstract

Good risk governance seems to rest on the three components: knowledge, legally prescribed procedures and social values. All three components are of particular importance for assessing and managing emerging risks, which are characterized by a lack of knowledge about the likelihood and magnitude of potential positive and negative consequences. This paper reports first about a protocol of how to govern emerging risks and then analyses the patterns of risks that would fall under the emerging risk category. Six patterns were identified: system breakdown risks, amplifier risks, highly volatile and pervasive risks, psychosomatic risks, social risks, and knowledge management risks. For each of these risk patterns, the main characteristics and the policy implications are described and analyzed.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - JOUR
AU  - Ortwin Renn
PY  - 2014
DA  - 2014/09/30
TI  - Emerging Risks: Methodology, Classification and Policy Implications
JO  - Journal of Risk Analysis and Crisis Response
SP  - 114
EP  - 132
VL  - 4
IS  - 3
SN  - 2210-8505
UR  - https://doi.org/10.2991/jrarc.2014.4.3.1
DO  - 10.2991/jrarc.2014.4.3.1
ID  - Renn2014
ER  -