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Natural disasters: perspective paper - Ilan Noy


This report addresses three issues that it argues are the most pertinent to addressing the need to deal with catastrophic, low-probability storms and earthquakes (likely to occur in Asia and/or the Caribbean): (i) the large benefits and benefit/cost ratios from early-warning systems; (ii) the feasibility of an international disaster risk reduction intervention fund and its guiding principles; and (iii) an evaluation of the Copenhagen Consensus methodology that relate to the Kunreuther and Michel-Kerjan challenge paper. The report concludes with the recommendation of a Global Fund for DRR that will work directly with governments by providing appropriate incentives to emphasize the establishment of early warning systems alongside a careful weighting of local circumstances and the most efficient allocation of scarce funds.

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Keywords

  • Themes:Disaster Risk Management, Early Warning, Economics of DRR, Environment, Governance
  • Hazards:Earthquake

  • Short URL:http://preventionweb.net/go/26715

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