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Managing systemic risk through transformative change:

Combining systemic risk analysis with knowledge co-production

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Journal article

Managing systemic risk through transformative change:

The authors of this perspective in the journal One Earth argue that incorporating local-level knowledge co-production into systemic risk analyses can help stakeholders better help identify and act on opportunities for incremental and transformational change needed to foster resilience to climate change.

Janne Parviainen, Stefan Hochrainer-Stigler, Teresa Maria Deubelli-Hwang, Lydia Cumiskey, Pia-Johanna Schweizer, Ulf Dieckmann / Published on 17 May 2024

Citation

Hochrainer-Stigler, S., Deubelli-Hwang, T.M., Parviainen, J., Cumiskey, L., Schweizer, P.J., & Dieckmann, U. (2024). Managing systemic risk through transformative change: Combining systemic risk analysis with knowledge co-production. One Earth, 7(5), 771–781. https://doi.org/10.1016/j.oneear.2024.04.014

The authors suggest that such integration of systemic risk analyses and local co-production of knowledge can help address the operationalization gap between propositions for transformative change and policy options for addressing systemic risk. They argue that such a combined approach can support stakeholders in designing transformative risk management and adaptation interventions that balance individual and higher-order interactions, incorporate diverse viewpoints, and, thus, manage systemic risks and leverage transformation potential more effectively.

They propose a co-evolutionary, four-step process to help bridge the gap between methodologies based on natural and social sciences. They argue that these integrated and iterative processes can create win-win opportunities for transformative change and policy options for addressing systemic risk. They advocate for such processes to be used to help differentiate, prioritize, and orchestrate options for both incremental and transformative changes.

SEI author

Janne Parviainen
Janne Parviainen

Research Associate

SEI Oxford

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