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Journal article

The importance of stakeholders in scoping risk assessments – lessons from low-carbon transitions

This article systematically characterizes risks linked to decarbonization pathways in fifteen case studies conducted in twelve countries.

Henrik Carlsen / Published on 28 May 2020

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Citation

van Vliet, O., Hanger-Kopp, S., Nikas, A., Spijker, E., Carlsen, H., Doukas, H. and Lieu, J. (2020). The importance of stakeholders in scoping risk assessments – lessons from low-carbon transitions. Environmental Innovation and Societal Transitions. https://dx.doi.org/10.1016/j.eist.2020.04.001

In the case studies, stakeholders from business, government, NGOs, and others supplied some 40 % of input on risks, significantly widening the scope of risks considered by academics and experts. Overall, experts and academics focus more on economic risks and assess these with quantitative methods and models, while other stakeholders give greater consideration to political risks.

The authors conclude that, to avoid losing sight of risks that cannot be easily quantified and modelled, including some economic risks, impact assessment modelling should be complemented with qualitative research and stakeholder engagement.

Eliciting risks in a systematic way supports communication with stakeholders, enables better risk mitigation, and increases the chance of a sustainable transition.

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SEI author

Henrik Carlsen
Henrik Carlsen

Senior Research Fellow

SEI Headquarters