Disaster Mitigation is Cost Effective

Disaster Mitigation is Cost Effective

The author provides a briefing on cost-benefit analyses (CBA) for disaster risk reduction (DRR), stating that the most cost-effective forms of DRR investment tend to be non-structural approaches, such as land use planning, warning systems, and household-level changes. These are often backed by struc...

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Bibliographic Details
Main Author: Kelman, Ilan
Format: Working Paper
Language:en_US
Published: World Bank, Washington, DC 2013
Subjects:
cost-benefit analyses
disaster risk reduction
mitigation
cost effectiveness
Online Access:http://hdl.handle.net/10986/16341
id okr-10986-16341
recordtype oai_dc
spelling okr-10986-163412021-04-23T14:03:28Z Disaster Mitigation is Cost Effective Kelman, Ilan cost-benefit analyses disaster risk reduction mitigation cost effectiveness The author provides a briefing on cost-benefit analyses (CBA) for disaster risk reduction (DRR), stating that the most cost-effective forms of DRR investment tend to be non-structural approaches, such as land use planning, warning systems, and household-level changes. These are often backed by structural measures, making full separation difficult. Barriers to enacting DRR savings occur because political capital is rarely gained from implementing DRR, except in cases where it is visible and tangible and might not even be the most effective DRR approach. In contrast, there are political advantages to hoping that a major catastrophe will not happen while a leader is in office, but then, if a catastrophe does occur, responding with full resources, irrespective of the cost. Subsidies for individual DRR measures alongside high-profile launches for the subsidy schemes could be effective, and could be designed and implemented with explicit aspects included which gain political capital through the DRR measure, though some might have ethical concerns with this strategy. 2013-12-02T21:52:54Z 2013-12-02T21:52:54Z 2013-11-12 http://hdl.handle.net/10986/16341 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic cost-benefit analyses
disaster risk reduction
mitigation
cost effectiveness
spellingShingle cost-benefit analyses
disaster risk reduction
mitigation
cost effectiveness
Kelman, Ilan
Disaster Mitigation is Cost Effective
description The author provides a briefing on cost-benefit analyses (CBA) for disaster risk reduction (DRR), stating that the most cost-effective forms of DRR investment tend to be non-structural approaches, such as land use planning, warning systems, and household-level changes. These are often backed by structural measures, making full separation difficult. Barriers to enacting DRR savings occur because political capital is rarely gained from implementing DRR, except in cases where it is visible and tangible and might not even be the most effective DRR approach. In contrast, there are political advantages to hoping that a major catastrophe will not happen while a leader is in office, but then, if a catastrophe does occur, responding with full resources, irrespective of the cost. Subsidies for individual DRR measures alongside high-profile launches for the subsidy schemes could be effective, and could be designed and implemented with explicit aspects included which gain political capital through the DRR measure, though some might have ethical concerns with this strategy.
format Publications & Research :: Working Paper
author Kelman, Ilan
author_facet Kelman, Ilan
author_sort Kelman, Ilan
title Disaster Mitigation is Cost Effective
title_short Disaster Mitigation is Cost Effective
title_full Disaster Mitigation is Cost Effective
title_fullStr Disaster Mitigation is Cost Effective
title_full_unstemmed Disaster Mitigation is Cost Effective
title_sort disaster mitigation is cost effective
publisher World Bank, Washington, DC
publishDate 2013
url http://hdl.handle.net/10986/16341
_version_ 1764432910323023872

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