Ⅰ. Introduction
1. Background
o Climate change risk is becoming increasingly important.
ㅇ‘Global Risk Report 2023’ selected natural disasters and extreme weather events as the second highest in terms of impact and probability of occurrence.
o Global and climate risks have a large ripple effect because of direct and indirect impacts.
ㅇ Merely identifying the primary impact of global and climate risks fails to consider the circular, causal relationship among factors, which limits the ability to draw a full picture of the cyclical process.

2. Research contributions
o The study analyzes the effects of the global risks along with the climate risks.
ㅇ In reality, climate risks and global risks are highly likely to occur simultaneously.
o The study analyzes the chain effects of global and climate risks using network analysis method.
ㅇ The methodology for appropriate for analyzing dynamic and circular causal relationships.
o The study considers the magnitude and likelihood of direct and indirect impacts of climate and global risks
ㅇ We quantitatively analyze the relative size of each path based on previous studies.
3. Research aim and strategy
o The study identifies key nodes through the analysis of the effects of complex risks.
ㅇIn the first year, the spreading effects of climate and global risks will be analyzed, and in the second year, the risks associated with implementation of carbon neutrality will be analyzed.
ㅇ In the third year, the cascading effects will be analyzed for a scenario in which climate risk, global risk, and carbon neutrality implementation risk act in a com