ABSTRACT
This chapter focuses on risk governance for coping with systemic risks and shed light on risk conundrums. The concept of risk governance comprises a broad picture of risk: not only does it include what has been termed "risk management" or "risk analysis", it also looks at how risk-related decision-making unfolds when a range of actors is involved, requiring co-ordination and possibly reconciliation between a profusion of roles, perspectives, goals, and activities. The chapter discusses the risk governance process as designed by the International Risk Governance Council (IRGC) and modified by Klinke and Renn. The framework consists of following interrelated activities: pre-estimation, interdisciplinary risk estimation, risk characterization, risk evaluation, risk management, and communication/participation. Stakeholder involvement and public participation have proven to be an important part and often key drivers for successful and legitimate risk governance for dealing with systemic risks, such as climate change policies.
