Co-Benefits of Disaster Risk Management

Many ex ante measures taken to reduce disaster risk can deliver co-benefits that are not dependent on disasters occurring. In fact, building resilience to climate extremes and disasters can achieve multiple objectives. These are secondary to the ma...

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Bibliographic Details
Main Authors:	Vorhies, Francis, Wilkinson, Emily
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	HAZARDOUS WASTE FORECASTS RISKS FISH ECONOMIC GROWTH ADVERSE IMPACTS VALUATION CARBON INCOME INSTITUTIONAL INVESTORS AGRICULTURAL PRODUCTION TOTAL BENEFITS STORMS FISHERIES MANAGEMENT RESOURCE MANAGEMENT FINANCIAL RESOURCES LABOR FORCE EXPORTS EMISSIONS REVENUES ENVIRONMENTAL ISSUES ENVIRONMENTAL BENEFITS SUSTAINABLE MANAGEMENT CAPACITY BUILDING ENVIRONMENTAL RESOURCES DAMAGES PRICE INPUTS SUSTAINABLE DEVELOPMENT PAYMENTS RAINWATER ECONOMIC ANALYSIS SOCIOECONOMIC IMPACTS RESOURCE USE DEVELOPMENT PRESENT VALUE CO2 INFLUENCE EXPLOITATION ENVIRONMENTAL RISK COSTS DEVELOPMENT ECONOMICS ECONOMIC BENEFITS COST-BENEFIT ANALYSES RETROFITTING FLOODS CAPACITY GHG FINANCIAL COSTS OPTIONS EXTERNALITIES FARMING COMMUNITIES INDUSTRIALIZATION CARBON SEQUESTRATION FINANCIAL INSTITUTIONS RAINFALL POLLUTION BENEFIT ANALYSIS COMPREHENSIVE STRATEGIES DEVELOPMENT ACTIONS TAX REVENUES DIVIDENDS UNEP FINANCE EFFICIENCY FISHING LAND USE INVESTMENT DECISIONS RESOURCES EQUITY CONSUMPTION ECOSYSTEM WAGES POLICIES CLIMATE CHANGE DROUGHT ENVIRONMENTAL MANAGEMENT ELECTRIC POWER VALUE ECONOMIC VALUE POLICY MAKERS ELECTRICITY CREDIT ENVIRONMENTAL IMPACTS DEFORESTATION CLIMATE SUSTAINABLE USE AGRICULTURE CONSUMERS PROPERTY COST-BENEFIT FOREST DECISION MAKING OPPORTUNITY COSTS CONSUMPTION OF ENERGY ENVIRONMENT FOREIGN EXCHANGE POLICY ECONOMICS PERFORMANCE STANDARDS FISHERIES GDP GOODS LAND HURRICANE INVESTMENT POSITIVE EXTERNALITIES ALLOCATION CLIMATE EXTREMES SUPPLY POLLUTION PREVENTION ECONOMIC LIFE INVESTMENTS RISK MANAGEMENT LIVING CONDITIONS COST-BENEFIT ANALYSIS DEVELOPMENT PROJECTS DISTRIBUTIONAL IMPACTS ENVIRONMENTAL PUBLIC GOOD BIODIVERSITY CONSERVATION NEGATIVE EXTERNALITIES PERFORMANCE STANDARD BENEFITS NEGATIVE IMPACTS ENERGY DEVELOPMENT POLICY PUBLIC GOODS
Online Access:	http://documents.worldbank.org/curated/en/2016/04/26213111/co-benefits-disaster-risk-management http://hdl.handle.net/10986/24207

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Summary:	Many ex ante measures taken to reduce disaster risk can deliver co-benefits that are not dependent on disasters occurring. In fact, building resilience to climate extremes and disasters can achieve multiple objectives. These are secondary to the main objective of disaster risk management of avoiding disaster losses, but identifying and measuring additional co-benefits can enhance the attractiveness of disaster risk management investments. Co-benefits are often economic, such as investment in dams or irrigation to reduce drought risk generating greater productivity; but they can also include significant environmental and social benefits. This paper identifies some of the potential categories of co-benefits associated with disaster risk management investments, expanding on typologies created by agencies seeking to promote social and environmental safeguarding in their work. The paper looks at previous studies on disaster risk management where co-benefits are mentioned but not explored in any detail. The paper examines two new case studies where environmental and socioeconomic co-benefits were uncovered in an irrigation project to reduce drought risk, and an urban flood risk management project, in Jamaica and Mexico, respectively. This review points to several challenges in traditional cost-benefit analysis techniques and puts forward alternative approaches to identify environmental and socioeconomic co-benefits when planning disaster risk management investments. The authors argue that a comprehensive disaster risk management co-benefits framework is needed that includes and categorizes all potential positive environmental and socioeconomic impacts. Co-benefits research focused on revisiting existing cases and developing new case studies could play an important role in this regard.

Co-Benefits of Disaster Risk Management

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