IDEAS home Printed from https://ideas.repec.org/a/bla/glopol/v14y2023i3p489-499.html
   My bibliography  Save this article

Taking stock of systems for organizing existential and global catastrophic risks: Implications for policy

Author

Listed:
  • Gabel Taggart

Abstract

This article takes stock of the literature that is advancing knowledge about how to classify, organize and think about existential risks and globally catastrophic risks altogether. It then points out policy implications from this literature and applies those implications to a short case study on the National Risk Register, a comprehensive risk policy in the United Kingdom. In doing so, it names three broad systems that have emerged in the literature, which are those that organize risks by (1) consequences of risks, (2) sources or causes of risks and (3) risk processes and interactions with human systems. Organizing risks by consequences aids in risk prioritization, while classifying risks by source or cause aids in risk prevention and mitigation. Analysing risk processes and interactions with human systems opens the policy frame to broader policies of risk response and resilience.

Suggested Citation

  • Gabel Taggart, 2023. "Taking stock of systems for organizing existential and global catastrophic risks: Implications for policy," Global Policy, London School of Economics and Political Science, vol. 14(3), pages 489-499, June.
  • Handle: RePEc:bla:glopol:v:14:y:2023:i:3:p:489-499
    DOI: 10.1111/1758-5899.13230
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1758-5899.13230
    Download Restriction: no

    File URL: https://libkey.io/10.1111/1758-5899.13230?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Owen Cotton‐Barratt & Max Daniel & Anders Sandberg, 2020. "Defence in Depth Against Human Extinction: Prevention, Response, Resilience, and Why They All Matter," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 271-282, May.
    2. Viscusi, W. Kip & Zeckhauser, Richard J., 2011. "Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies," Working Paper Series rwp11-045, Harvard University, John F. Kennedy School of Government.
    3. Francis X. Diebold & Neil A. Doherty & Richard J. Herring, 2010. "The Known, the Unknown, and the Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice," Economics Books, Princeton University Press, edition 1, number 9223.
    4. Baum, Seth D. & Handoh, Itsuki C., 2014. "Integrating the planetary boundaries and global catastrophic risk paradigms," Ecological Economics, Elsevier, vol. 107(C), pages 13-21.
    5. Bruce Tonn & Dorian Stiefel, 2013. "Evaluating Methods for Estimating Existential Risks," Risk Analysis, John Wiley & Sons, vol. 33(10), pages 1772-1787, October.
    6. Nick Bostrom, 2019. "The Vulnerable World Hypothesis," Global Policy, London School of Economics and Political Science, vol. 10(4), pages 455-476, November.
    7. Chichilnisky, Graciela, 2000. "An axiomatic approach to choice under uncertainty with catastrophic risks," Resource and Energy Economics, Elsevier, vol. 22(3), pages 221-231, July.
    8. Nick Bostrom, 2013. "Existential Risk Prevention as Global Priority," Global Policy, London School of Economics and Political Science, vol. 4(1), pages 15-31, February.
    9. Yacov Tsur & Amos Zemel, 2017. "Coping with Multiple Catastrophic Threats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 175-196, September.
    10. Slovic, Paul & Finucane, Melissa L. & Peters, Ellen & MacGregor, Donald G., 2007. "The affect heuristic," European Journal of Operational Research, Elsevier, vol. 177(3), pages 1333-1352, March.
    11. J. Park & T. P. Seager & P. S. C. Rao & M. Convertino & I. Linkov, 2013. "Integrating Risk and Resilience Approaches to Catastrophe Management in Engineering Systems," Risk Analysis, John Wiley & Sons, vol. 33(3), pages 356-367, March.
    12. Anne van Aaken & Janis Antonovics & Jonathan B. Wiener, 2016. "The Tragedy of the Uncommons: On the Politics of Apocalypse," Global Policy, London School of Economics and Political Science, vol. 7, pages 67-80, May.
    13. Seth D. Baum, 2015. "Risk and resilience for unknown, unquantifiable, systemic, and unlikely/catastrophic threats," Environment Systems and Decisions, Springer, vol. 35(2), pages 229-236, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Owen Cotton‐Barratt & Max Daniel & Anders Sandberg, 2020. "Defence in Depth Against Human Extinction: Prevention, Response, Resilience, and Why They All Matter," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 271-282, May.
    2. Nathan Alexander Sears, 2020. "Existential Security: Towards a Security Framework for the Survival of Humanity," Global Policy, London School of Economics and Political Science, vol. 11(2), pages 255-266, April.
    3. Len Fisher & Anders Sandberg, 2022. "A Safe Governance Space for Humanity: Necessary Conditions for the Governance of Global Catastrophic Risks," Global Policy, London School of Economics and Political Science, vol. 13(5), pages 792-807, November.
    4. Matt Boyd & Nick Wilson, 2020. "Existential Risks to Humanity Should Concern International Policymakers and More Could Be Done in Considering Them at the International Governance Level," Risk Analysis, John Wiley & Sons, vol. 40(11), pages 2303-2312, November.
    5. Matthew Rendall, 2022. "Nuclear war as a predictable surprise," Global Policy, London School of Economics and Political Science, vol. 13(5), pages 782-791, November.
    6. Christopher Nathan & Keith Hyams, 2022. "Global policymakers and catastrophic risk," Policy Sciences, Springer;Society of Policy Sciences, vol. 55(1), pages 3-21, March.
    7. Joshua Lewis & Daniel Feiler & Ron Adner, 2023. "The Worst-First Heuristic: How Decision Makers Manage Conjunctive Risk," Management Science, INFORMS, vol. 69(3), pages 1575-1596, March.
    8. Seth D. Baum & David C. Denkenberger & Joshua M. Pearce & Alan Robock & Richelle Winkler, 2015. "Resilience to global food supply catastrophes," Environment Systems and Decisions, Springer, vol. 35(2), pages 301-313, June.
    9. Tom Hobson & Olaf Corry, 2023. "Existential security: Safeguarding humanity or globalising power?," Global Policy, London School of Economics and Political Science, vol. 14(4), pages 633-637, September.
    10. Rasmus Karlsson, 2021. "Learning in the Anthropocene," Social Sciences, MDPI, vol. 10(6), pages 1-11, June.
    11. Seth D. Baum, 2023. "Assessing natural global catastrophic risks," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 115(3), pages 2699-2719, February.
    12. Seth D. Baum, 2018. "Uncertain human consequences in asteroid risk analysis and the global catastrophe threshold," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 94(2), pages 759-775, November.
    13. Seth D. Baum, 2015. "Risk and resilience for unknown, unquantifiable, systemic, and unlikely/catastrophic threats," Environment Systems and Decisions, Springer, vol. 35(2), pages 229-236, June.
    14. Jonathan B. Wiener, 2020. "Learning to Manage the Multirisk World," Risk Analysis, John Wiley & Sons, vol. 40(S1), pages 2137-2143, November.
    15. Cassottana, Beatrice & Shen, Lijuan & Tang, Loon Ching, 2019. "Modeling the recovery process: A key dimension of resilience," Reliability Engineering and System Safety, Elsevier, vol. 190(C), pages 1-1.
    16. Michal Skorepa & Jakub Seidler, 2015. "Capital buffers based on banks’ domestic systemic importance: selected issues," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 7(3), pages 207-220, August.
    17. Danielsson, Erna & Nyhlén, Jon & Olausson, Pär M., 2020. "Strategic planning for power shortages," Energy Policy, Elsevier, vol. 137(C).
    18. Peter J. Hammond, 2016. "Catastrophic Risk, Rare Events, and Black Swans: Could There Be a Countably Additive Synthesis?," Studies in Economic Theory, in: Graciela Chichilnisky & Armon Rezai (ed.), The Economics of the Global Environment, pages 17-38, Springer.
    19. Vicente Martínez-Tur & Vicente Peñarroja & Miguel A Serrano & Vanesa Hidalgo & Carolina Moliner & Alicia Salvador & Adrián Alacreu-Crespo & Esther Gracia & Agustín Molina, 2014. "Intergroup Conflict and Rational Decision Making," PLOS ONE, Public Library of Science, vol. 9(12), pages 1-17, December.
    20. Harrington, Jean & Morgan, Myfanwy, 2016. "Understanding kidney transplant patients' treatment choices: The interaction of emotion with medical and social influences on risk preferences," Social Science & Medicine, Elsevier, vol. 155(C), pages 43-50.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:glopol:v:14:y:2023:i:3:p:489-499. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.