International Journal of Agriculture Extension and Social Development

author(s)
Vineeta Chandra, Chitrasena Padhy, Sameer Mahapatro and Ajay Kumar Prusty

abstract
The three components of climate change risk are susceptibility, exposure, and hazard working together. The attributes of the climatic risk Components are impacted by long-term changes in the climate variables (temperature, wind, and precipitation). Future human mortality and economic losses are predicted to increase due to the severity of climate concerns. Given the low rate of mitigation and adaptation to date, it is quite possible that the adverse effects of climate change would surpass adaptive capacities in many climate-vulnerable countries. Even though the number of publications on climate change has increased significantly recently, there hasn't been much focus from the academic Community on a thorough survey of the literature on climate risk assessment. Accurate risk assessment and identification of its motivating factors are essential for efficient management of climatic risks. The concept of climate risk has been the focal point of the conversation between research and policy in recent years, but it has hardly ever been applied to produce local or national climate risk assessment results. An integrated approach to climate risk management, which takes into account both societal vulnerability and climate variability, is necessary to properly understand the risks associated with climate change and its localised reactions, including loss and damage. This method involves risk analysis, risk reduction, and risk transfer strategies. In order to make informed decisions, climate risk assessment offers a methodical way to identify the types and extent of various threats (estimation of the magnitude and frequency of natural hazards, the exposed assets & people, and the susceptibility of assets & people under certain natural hazards). Climate risk scenarios are plausible outcomes that have the potential to occur, not forecasts of the future.