Development of a methodology for the economic risk assessment of mining projects from climate change
Abstract
This dissertation aims to develop an innovative climate change risk assessment framework, called “CLImate Change Economic Risk in the Mining Industry - CLIRMI”, customized for the specific needs and requirements of the mining sector.CLIRMI framework has several special features; as it is one of the few risk assessment methodologies that incorporates fuzzy logic to manage uncertainty deriving from available climate models, local conditions, etc., and assesses climate change impacts on the subsystems of a mining project, with outcomes in monetary values. It is flexible, providing the possibility of performing semi-quantitative or quantitative analysis, depending on the available data. It takes into account a number of climatic phenomena, cascading events and interactions among them, even the assessment of the positive effects of climate change. An important feature of the methodology is the expression of economic risk in monetary terms, as well as the evaluation of different adaptation o ...
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