Assessing the Financial Vulnerability to Climate-Related Natural Hazards

There is increased concern about the rising costs from weather extremes. For financially vulnerable countries, there are three main implications: (i) efforts to reduce risk need to be seriously stepped up in order to reduce the serious human and financial burdens to the affected population, business...

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Main Authors:	Mechler, Reinhard, Hochrainer, Stefan, Pflug, Georg, Lotsch, Alexander, Williges, Keith
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	World Development Report 2010
Online Access:	http://hdl.handle.net/10986/9048

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recordtype	oai_dc
spelling	okr-10986-90482021-04-23T14:02:44Z Assessing the Financial Vulnerability to Climate-Related Natural Hazards Mechler, Reinhard Hochrainer, Stefan Pflug, Georg Lotsch, Alexander Williges, Keith World Development Report 2010 There is increased concern about the rising costs from weather extremes. For financially vulnerable countries, there are three main implications: (i) efforts to reduce risk need to be seriously stepped up in order to reduce the serious human and financial burdens to the affected population, business and fiscal stance; (ii) there is a case for country risk aversion implying that disaster risks faced by some governments cannot be absorbed without major difficulty; (iii) without exception, all financially vulnerable countries due to their development status are very unlikely to be able to implement pre-disaster risk financing instruments themselves. In order to reduce their financial vulnerability by their own means, they require technical and financial assistance from the donor community. 2012-06-26T15:35:12Z 2012-06-26T15:35:12Z 2010 http://hdl.handle.net/10986/9048 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	World Development Report 2010
spellingShingle	World Development Report 2010 Mechler, Reinhard Hochrainer, Stefan Pflug, Georg Lotsch, Alexander Williges, Keith Assessing the Financial Vulnerability to Climate-Related Natural Hazards
geographic_facet	Latin America & Caribbean
description	There is increased concern about the rising costs from weather extremes. For financially vulnerable countries, there are three main implications: (i) efforts to reduce risk need to be seriously stepped up in order to reduce the serious human and financial burdens to the affected population, business and fiscal stance; (ii) there is a case for country risk aversion implying that disaster risks faced by some governments cannot be absorbed without major difficulty; (iii) without exception, all financially vulnerable countries due to their development status are very unlikely to be able to implement pre-disaster risk financing instruments themselves. In order to reduce their financial vulnerability by their own means, they require technical and financial assistance from the donor community.
author	Mechler, Reinhard Hochrainer, Stefan Pflug, Georg Lotsch, Alexander Williges, Keith
author_facet	Mechler, Reinhard Hochrainer, Stefan Pflug, Georg Lotsch, Alexander Williges, Keith
author_sort	Mechler, Reinhard
title	Assessing the Financial Vulnerability to Climate-Related Natural Hazards
title_short	Assessing the Financial Vulnerability to Climate-Related Natural Hazards
title_full	Assessing the Financial Vulnerability to Climate-Related Natural Hazards
title_fullStr	Assessing the Financial Vulnerability to Climate-Related Natural Hazards
title_full_unstemmed	Assessing the Financial Vulnerability to Climate-Related Natural Hazards
title_sort	assessing the financial vulnerability to climate-related natural hazards
publisher	Washington, DC: World Bank
publishDate	2012
url	http://hdl.handle.net/10986/9048
_version_	1764408265100230656

Assessing the Financial Vulnerability to Climate-Related Natural Hazards

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