2.4.5.4 Key governance implications

There is very little research on how to govern tipping cascades and how a lack of appropriate governance also feeds into the system, or even cascades that are not related to tipping points in particular. A key question is whether it is possible to identify the conditions for tipping cascades and to avoid them with governance mechanisms, and this requires more evidence and more detailed documentation of the success of adaptation (Owen,  2020). This of course raises notions of early warning systems and ensuring that there are legitimate and just governance mechanisms in place to address this. Literature on governing systemic risk (Schweizer and Renn, 2019) may offer some advice here. The governance of systemic risk includes dealing with risks which are characterised by complexity, transboundary cascading effects, non-linear stochastic developments, tipping points, and lag in perception and regulation (Schweizer and Renn, 2019). It is also important to note that there may be diverging consequences for actors within systems when governing them. Therefore, one needs to consider what are the trade-offs and synergies between efforts to address individual tipping points versus addressing the interactions and cascades between them.

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