In this interview, Reinhard Mechler – International Institute for Applied Systems Analysis (IIASA) shares insights from the DECIPHER project on modelling extreme events and translating systemic risk into policy and practice.
Key highlights include:
🌪️ Systemic disasters: Modelling rare but catastrophic climate-related events.
📊 Stock vs. flow effects: Accounting for both direct and indirect economic losses.
🛠️ Science in use: Helping policymakers apply models to support resilience strategies.
His work informs a more accurate and actionable economic framing of disaster risk to improve sustainability policies.