Publication: Investment in Disaster Risk Management in Europe Makes Economic Sense: Background Report
Date
2021-06-01
ISSN
Published
2021-06-01
Author(s)
World Bank
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.
Citation
“World Bank. 2021. Investment in Disaster Risk Management in Europe Makes Economic Sense : Background Report. Economics for Disaster Prevention and Preparedness;. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/35686 License: CC BY 3.0 IGO.”