{"id":35,"date":"2021-04-12T01:06:56","date_gmt":"2021-04-12T05:06:56","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&p=35"},"modified":"2021-08-26T17:50:52","modified_gmt":"2021-08-26T21:50:52","slug":"direct-and-indirect-risks","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/direct-and-indirect-risks\/","title":{"raw":"Direct and Indirect Risks","rendered":"Direct and Indirect Risks"},"content":{"raw":"Figure 1.1 provides examples of direct and indirect risks associated with climate and weather hazards.\r\n\r\n \r\n
\"\"<\/a><\/h6>\r\n
\u00a0\"Figure 1.1\"\u00a0by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0CC BY 4.0<\/a>.<\/h6>\r\nFigure 1.1 highlights two important points:\r\n
    \r\n \t
  1. The geospatial distribution of physical risk exposure expands beyond the location of owned assets. As such, a comprehensive risk analysis must consider the full geographic extent of the value chain.<\/li>\r\n \t
  2. Protecting one\u2019s own property may not be sufficient to avoid the impact of climate and weather events. Community resiliency (including business\u2019s role in promoting and contributing to it) is an important strategy for adaptation.<\/li>\r\n<\/ol>\r\nLike businesses, governments and public agencies are exposed to both direct and indirect risks. Public infrastructure (like roads, utilities, buildings) can be directly exposed to climate and weather events. Direct damage to public infrastructure can then result in indirect risks through the impairment of a government\u2019s capacity to deliver essential services to its citizens (e.g., emergency services, healthcare, disaster relief, etc.).","rendered":"

    Figure 1.1 provides examples of direct and indirect risks associated with climate and weather hazards.<\/p>\n

     <\/p>\n

    \"\"<\/a><\/h6>\n
    \u00a0“Figure 1.1”\u00a0by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0CC BY 4.0<\/a>.<\/h6>\n

    Figure 1.1 highlights two important points:<\/p>\n

      \n
    1. The geospatial distribution of physical risk exposure expands beyond the location of owned assets. As such, a comprehensive risk analysis must consider the full geographic extent of the value chain.<\/li>\n
    2. Protecting one\u2019s own property may not be sufficient to avoid the impact of climate and weather events. Community resiliency (including business\u2019s role in promoting and contributing to it) is an important strategy for adaptation.<\/li>\n<\/ol>\n

      Like businesses, governments and public agencies are exposed to both direct and indirect risks. Public infrastructure (like roads, utilities, buildings) can be directly exposed to climate and weather events. Direct damage to public infrastructure can then result in indirect risks through the impairment of a government\u2019s capacity to deliver essential services to its citizens (e.g., emergency services, healthcare, disaster relief, etc.).<\/p>\n","protected":false},"author":120,"menu_order":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-35","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":3,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/35","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":9,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/35\/revisions"}],"predecessor-version":[{"id":301,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/35\/revisions\/301"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/3"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/35\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=35"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=35"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}