Investment in Disaster Risk Management in Europe Makes Economic Sense

This report forms part of the World Bank’s technical assistance project undertaken with the European Commission’s Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protect...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/undefined/873811622437677342/Summary-Report
http://hdl.handle.net/10986/36293
id okr-10986-36293
recordtype oai_dc
spelling okr-10986-362932021-09-24T05:10:39Z Investment in Disaster Risk Management in Europe Makes Economic Sense World Bank DISASTER RISK MANAGEMENT DISASTER PREPAREDNESS CLIMATE RISK RESILIENCE HAZARD RISK MANAGEMENT This report forms part of the World Bank’s technical assistance project undertaken with the European Commission’s Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protection Mechanism (UCPM) Annual Work Program 2020. This report is the output produced under Component 1, ‘Retrospective analysis of the costs and benefits of selected disaster risk management (DRM) investments’, with the aim to showcase the benefits of investing in the prevention of disaster risks. The objective of this report is to provide EU Member States/Participating States (MS/PS) and UCPM members with consolidated analysis and information on the economic value of investing in disaster and climate preparedness and prevention. The analysis can serve as a basis for (i) demonstrating the net benefits of investing in prevention and preparedness for various hazards, (ii) showcasing best practices in investing in prevention for various MS/PS and UCPM members as well as at a regional scale, and (iii) providing guidance on methodological approaches to estimate the net benefits of interventions, including soft investments, with a focus on the application of the Triple Dividend of Resilience framework for economic analysis (Tanner, et al., 2015), though other methodologies are also described in this report. Although the report mainly focuses on Europe, international examples are presented throughout. 2021-09-23T14:47:23Z 2021-09-23T14:47:23Z 2021-05-28 Report http://documents.worldbank.org/curated/undefined/873811622437677342/Summary-Report http://hdl.handle.net/10986/36293 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Risk and Vulnerability Assessment Europe and Central Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic DISASTER RISK MANAGEMENT
DISASTER PREPAREDNESS
CLIMATE RISK
RESILIENCE
HAZARD RISK MANAGEMENT
spellingShingle DISASTER RISK MANAGEMENT
DISASTER PREPAREDNESS
CLIMATE RISK
RESILIENCE
HAZARD RISK MANAGEMENT
World Bank
Investment in Disaster Risk Management in Europe Makes Economic Sense
geographic_facet Europe and Central Asia
description This report forms part of the World Bank’s technical assistance project undertaken with the European Commission’s Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protection Mechanism (UCPM) Annual Work Program 2020. This report is the output produced under Component 1, ‘Retrospective analysis of the costs and benefits of selected disaster risk management (DRM) investments’, with the aim to showcase the benefits of investing in the prevention of disaster risks. The objective of this report is to provide EU Member States/Participating States (MS/PS) and UCPM members with consolidated analysis and information on the economic value of investing in disaster and climate preparedness and prevention. The analysis can serve as a basis for (i) demonstrating the net benefits of investing in prevention and preparedness for various hazards, (ii) showcasing best practices in investing in prevention for various MS/PS and UCPM members as well as at a regional scale, and (iii) providing guidance on methodological approaches to estimate the net benefits of interventions, including soft investments, with a focus on the application of the Triple Dividend of Resilience framework for economic analysis (Tanner, et al., 2015), though other methodologies are also described in this report. Although the report mainly focuses on Europe, international examples are presented throughout.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Investment in Disaster Risk Management in Europe Makes Economic Sense
title_short Investment in Disaster Risk Management in Europe Makes Economic Sense
title_full Investment in Disaster Risk Management in Europe Makes Economic Sense
title_fullStr Investment in Disaster Risk Management in Europe Makes Economic Sense
title_full_unstemmed Investment in Disaster Risk Management in Europe Makes Economic Sense
title_sort investment in disaster risk management in europe makes economic sense
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/undefined/873811622437677342/Summary-Report
http://hdl.handle.net/10986/36293
_version_ 1764484950269100032