Publication: Investment in Disaster Risk Management in Europe Makes Economic Sense
Loading...
Date
2021-05-28
ISSN
Published
2021-05-28
Author(s)
Editor(s)
Abstract
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.
Link to Data Set
Citation
“World Bank. 2021. Investment in Disaster Risk Management in Europe Makes Economic Sense. © World Bank. http://hdl.handle.net/10986/36293 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Investment in Disaster Risk Management in Europe Makes Economic Sense(World Bank, Washington, DC, 2021-06-01)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.Publication Disaster Risk Management Strategy : Nias Livelihoods and Economic Development Program(Washington, DC, 2009-04)The North Sumatra Provincial Government has, together with the BRR (Badan Rehabilitasi dan Rekonstruksi); the Government of Indonesia (GOI) agency responsible for post tsunami reconstruction and the Nias local government, requested support from the Multi-Donor Fund (MDF) for the proposed Nias Livelihood and Economic Development Program (LEDP). The World Bank is the partner agency. The objective of this assignment is to support the development of a disaster risk management (DRM) strategy for the Nias LEDP project to ensure that risk reduction is mainstreamed into project design, especially the livelihoods and civil works, access components. To achieve the above objective, this report identifies the key principles of DRM relevant to the LEDP, presents the results of a high-level assessment of the hazards potentially relevant to Nias and the LEDP, and outlines the risk reduction approaches that can be incorporated into the overall program and its components. This report presents a framework for the DRM Strategy to be incorporated into the proposed LEDP.Publication Strengthening Moldova’s Disaster Risk Management and Climate Resilience(World Bank, Washington, DC, 2020-06)Moldova is exposed to an array of natural hazards, and their impact disproportionately affects the poor. The Government of Moldova has been strengthening institutions to better prepare for and respond to disasters. It has improved the ability to forecast severe weather, including at the local level, through improved hydrometeorological services; it has reduced the agricultural sector’s vulnerability to climate change by improving irrigation services, strengthening the existing agriculture insurance scheme, and promoting climate-smart agriculture practices; and - importantly in light of the small size of the country - it has strengthened regional collaboration and knowledge sharing on disaster risk management (DRM). Local capacity is essential because Moldova’s ability to respond to Coronavirus disease (COVID-19), or any other shock or stress, is not just determined by its level of preparedness and readiness to cope with such complex crises, but also by the level of effectiveness of its governance systems (particularly in urban areas), as well as its existing service delivery and infrastructure systems. In this DRM country policy note, chapter one provides an overview of Moldova’s disaster and climate risk profile. Chapter two reviews the current institutional and legal framework for disaster risk management and financing, including measures and policies recently adopted. Chapter three is an assessment of the current DRM situation in Moldova, including ex ante and ex post disaster risk financing and insurance (DRFI) instruments currently in use for budget mobilization, and explores a potential earthquake scenario for Chisinau in more detail. The fourth chapter concludes with a look at potential institutional and financial gaps, including a summary of recommendations and different sets of corrective measures that can be envisaged.Publication Advancing Disaster Risk Financing and Insurance in ASEAN Member States : Framework and Options for Implementation, Volume 2. Technical Appendices(Washington, DC, 2012-04)This report is part of a project being jointly conducted by the World Bank, the Global Facility for Disaster Reduction and Recovery (GFDRR), the Association of Southeast Asian Nations (ASEAN) Secretariat, and United Nations International Strategy for Disaster Reduction (UNISDR). It aims to provide capacity building on disaster risk financing and insurance (DRFI) in ASEAN Member States. DRFI is a relatively new topic and, therefore, training and capacity building of local stakeholders is essential. Governments must understand the benefits and the limitations of disaster risk financing and insurance as part of their comprehensive Disaster Risk Management (DRM) strategies. This report presents main findings and recommendations on DRFI in the ASEAN region. Following the World Bank disaster risk financing and insurance framework, it consists of five chapters, including this introduction. Chapter two presents a preliminary economic and fiscal risk assessment of natural disasters in ASEAN Member States. Chapter three provides an overview of the fiscal management of natural disasters currently implemented by ASEAN Member States. Chapter four reviews the state of the private catastrophe insurance markets, including property catastrophe risk insurance, agricultural insurance, and disaster micro-insurance. Chapter five identifies five main recommendations for strengthening the long-term financial and fiscal resilience of ASEAN Member States against natural disasters, as part of their broader disaster risk management and climate change adaptation agendas.Publication Building Resilience : Integrating Climate and Disaster Risk into Development(Washington, DC, 2013-11)This report presents the World Bank Group's experience in climate and disaster resilient development and contends that it is essential to eliminate extreme poverty and achieve shared prosperity by 2030. The report argues for closer collaboration between the climate resilience and disaster risk management communities through the incorporation of climate and disaster resilience into broader development processes. Selected case studies are used to illustrate promising approaches, lessons learned, and remaining challenges all in contribution to the loss and damage discussions under the United Nations Framework Convention on Climate Change (UNFCCC). The introduction provides an overview of the UNFCCC and also introduces key concepts and definitions relevant to climate and disaster resilient development. Section two describes the impacts of globally increasing weather-related disasters in recent decades. Section three summarizes how the World Bank Group's goals to end extreme poverty and boost shared prosperity are expected to be affected by rising disaster losses in a changing climate. Section four discusses the issue of attribution in weather-related disasters, and the additional start-up costs involved in climate and disaster resilient development. Section five builds upon the processes and instruments developed by the climate resilience and the disaster risk management communities of practice to provide some early lessons learned in this increasingly merging field. Section six highlights case studies and emerging good practices in climate and disaster resilient development. Section seven concludes the report, summarizing key lessons learned and identifying potential gaps and avenues for future work.
Users also downloaded
Showing related downloaded files
Publication Classroom Assessment to Support Foundational Literacy(Washington, DC: World Bank, 2025-03-21)This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.Publication Sourcebook on the Foundations of Social Protection Delivery Systems(Washington, DC: World Bank, 2020-07-30)The Sourcebook synthesizes real-world experiences and lessons learned of social protection delivery systems from around the world, with a particular focus on social and labor benefits and services. It takes a practical approach, seeking to address concrete “how-to” questions, including: How do countries deliver social protection benefits and services? How do they do so effectively and efficiently? How do they ensure dynamic inclusion, especially for the most vulnerable and needy? How do they promote better coordination and integration—not only among social protection programs but also programs in other parts of government? How can they meet the needs of their intended populations and provide a better client experience? The Sourcebook structures itself around eight key principles that can frame the delivery systems mindset: (1) delivery systems evolve over time, do so in a non-linear fashion, and are affected by the starting point(s); (2) additional efforts should be made to “do simple well”, and to do so from the start rather than trying to remedy by after-the-fact adding-on of features or aspects; (3) quality implementation matters, and weaknesses in the design or structure of any core system element will negatively impact delivery; (4) defining the “first mile” for people interface greatly affects the system and overall delivery, and is most improved when that “first mile” is understood as the weakest link in delivery systems); (5) delivery systems do not operate in a vacuum and thus should not be developed in silos; (6) delivery systems can contribute more broadly to government’s ability to intervene in other sectors, such as health insurance subsidies, scholarships, social energy tariffs, housing benefits, and legal services; (7) there is no single blueprint for delivery systems, but there are commonalities and those common elements constitute the core of the delivery systems framework; (8) inclusion and coordination are pervasive and perennial dual challenges, and they contribute to the objectives of effectiveness and efficiency.Publication World Development Report 2006(Washington, DC, 2005)This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Lebanon Economic Monitor, Fall 2022(Washington, DC, 2022-11)The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon’s economy, the Lebanese Pound continues to depreciate sharply. The sharp deterioration in the currency continues to drive surging inflation, in triple digits since July 2020, impacting the poor and vulnerable the most. An unprecedented institutional vacuum will likely further delay any agreement on crisis resolution and much needed reforms; this includes prior actions as part of the April 2022 International Monetary Fund (IMF) staff-level agreement (SLA). Divergent views among key stakeholders on how to distribute the financial losses remains the main bottleneck for reaching an agreement on a comprehensive reform agenda. Lebanon needs to urgently adopt a domestic, equitable, and comprehensive solution that is predicated on: (i) addressing upfront the balance sheet impairments, (ii) restoring liquidity, and (iii) adhering to sound global practices of bail-in solutions based on a hierarchy of creditors (starting with banks’ shareholders) that protects small depositors.