Project description
A closer look at climate extremes and compound hazards
Disaster and financial risk managers are well aware of the potential for one hazard to trigger another. Rapid-onset hazards often compound. This is also the case with climate-related hazards. The Marie Skłodowska-Curie Actions (MSCA) ROC3Risks project will study how rapid-onset compound and cascading climate-related (ROC3) risks can lead to direct and cascading indirect impacts. It will build on state-of-the-art risk models to identify which, how and where ROC3 risks may occur. It will also explore reliable ROC3 direct impact estimates. A comprehensive and dynamic assessment of the cascading indirect impacts of risks will also be carried out. By providing open-access datasets and open-source software, the project results will inform disaster and financial risk managers and promote the conditions for building resilience.
Objective
Rapid-onset hazards often compound (i.e. combination of multiple hazards) or cascade (i.e. when a single hazard triggers a sequence of secondary hazards), being a main source of concern for disaster and financial risk mangers due to the potential massive direct (e.g. capital stock destruction) and cascading indirect economic (e.g. employment and GDP), social (e.g. inequality) and financial (e.g. public debt) impacts. While the current understanding on how Rapid-Onset Compound and Cascading Climate related (ROC3) hazards interconnect is progressively improving, less attention is given to how ROC3 risks lead to direct and cascading indirect impacts. The research theme proposed in this project proposal will advance the understanding of ROC3 risks by building on state-of-the-art risk models to tackle three interconnected research gaps, related to the need for: (i) identifying which, how and where ROC3 risks may occur; (ii) reliable ROC3 direct impact estimates, and; (iii) a comprehensive and dynamic assessment of the cascading indirect impacts of risks. Building on an innovative analytical framework that integrates disciplines from different scientific fields including environmental, social, and economic sciences, the project will be the first of its kind to develop and apply a comprehensive methodological framework integrating the intrinsic dynamics of ROC3 risks and the cascading macroeconomic and financial indirect impacts. The researcher and two host institutions will mutually benefit from three-way transfer of knowledge. By providing open-access datasets and open-source software, the project results have the potential to inform disaster and financial risk managers and promote the conditions for building resilience to ROC3 risks. The project is aligned with the Sendai Framework for Disaster Risk Reduction and the Paris Agreement.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences software
- social sciences economics and business business and management employment
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European Fellowships
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-MSCA-2021-PF-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1020 Wien
Austria
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.