- Home
- Documents and publications
Generating solutions to systemic risks through on-going experimentation on invested space-forms
This contributing paper assesses how private, public, and plural sector stakeholders can invest in joint platforms (SpaceForms) that foster creative solutions for systemic risks and hone their collective intelligence. The study notes that mitigating local risks does not reduce the global systemic effects. Sustainable solutions must involve business entities that operate the global economy. The extreme uncertainty of systemic risks makes grand solutions untenable where viable solutions only can derive from distributed experimentation and collaborative learning.
The study emphasizes the necessity to embrace uncertainty and explore for opportunities engaging committed enterprises in the quest for long-term solutions. Current practices often allocate resources to address acute threats but fail to invest in exploration for new opportunities. By engaging diverse constituents among private, public, and multilateral institutions to invest jointly in SpaceForm structures, new sustainable solutions can be explored through collaborative efforts that hone the collective intelligence of the engaged organizations. This constitutes a viable and efficient approach that can deal effectively with the current environmental challenges.
Download
Editors' recommendations
- IRP Herald Vol 1: IRP’s International Recovery Forum 2014 -The Role of Private Sector in Disaster Recovery-
- Nature-related risk in the public–private continuum
- Building back better: climate resilience through nature-positive public-private partnerships (PPP)
- The long-run effects of climate change on the corporate sector: The case of Italy
- Quick tips: Integrating disaster risk reduction, environmental and climate change action at sector level
Explore further
Is this page useful?
Yes No Report an issue on this pageThank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).