What is the difference between the Torino and Palermo scales?

The Torino scale is a function of the impact energy and probability of the event, with no reference to the time of impact. In the Palermo scale, the risk posed by a possible impactor is compared to the 'background risk' between now and the time of impact. In addition, the Torino scale is discrete (from 0 to 10), whereas the Palermo scale is a continuous scientific scale.