GAR 2015 Main Report

201

export markets, subsidized infrastructure, and intangible soft values such as quality of life and recreational opportunities. However, as underlined in GAR13 (UNISDR, 2013a

UNISDR. 2013a,Global Assessment Report on Disaster Risk Reduction: From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction, Geneva, Switzerland: UNISDR.. .

), the level of disaster risk in those locations is rarely made explicit to investors and is often disregarded in the public investment that creates the necessary infrastructure or in the private investment that follows.

Given the predominance of private investment, the way it is regulated, incentivized and monitored largely determines the disaster risk associated with the growing hazard exposure of economic assets (UNISDR, 2013a

UNISDR. 2013a,Global Assessment Report on Disaster Risk Reduction: From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction, Geneva, Switzerland: UNISDR.. .

). Many of the locations that have been highly successful in attracting investment, such as Miami (Box. 10.1), are also located in hazard-prone locations. While

Box 10.1 Sea level risk and investment in Miami

Figure 10.2 Rising sea levels in Miami

(Source: Peter Harlem, Florida International University.)

In Miami, rising sea levels and regular storm surges are already combined with exceptional geology and a weak sewage system, leading to recurrent flooding in parts of the city and contamination of drinking water supplies. In the future, further sea level rise will mean that parts of the world’s busiest cruise ship port as well as the city’s waterfront and the city’s prime real estate will be submerged (Carter et al., 2014

Carter, Lynne M., James W. Jones, Leonard Berry, Virginia Burkett, James Murrley, Jayantha Obeysekera, Paul J. Schramm and David Wear. 2014,Southeast and the Caribbean, Chapter 17. In Climate Change Impacts in the United States: The Third National Climate Assessment, J.M. Melillo, Terese (T.C.) Richmond and G. W. Yohe, eds., U.S. Global Change Research Program, pp. 396-417. doi:10.7930/J0NP22CB.. .

; WRI, 2014

WRI (World Resources Institute). 2014,Sea-Level rise and its impact on Miami Dade County, Fact sheet. By Forbes Tompkins and Christina Deconcini.. .

), as sea levels are estimated to rise by 2 feet (more than half a metre) by 2060 (WRI, 2014

WRI (World Resources Institute). 2014,Sea-Level rise and its impact on Miami Dade County, Fact sheet. By Forbes Tompkins and Christina Deconcini.. .

; Figure 10.2).

	201 export markets, subsidized infrastructure, and intangible soft values such as quality of life and recreational opportunities. However, as underlined in GAR13 (UNISDR, 2013a x UNISDR. 2013a,Global Assessment Report on Disaster Risk Reduction: From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction, Geneva, Switzerland: UNISDR.. . ), the level of disaster risk in those locations is rarely made explicit to investors and is often disregarded in the public investment that creates the necessary infrastructure or in the private investment that follows. Given the predominance of private investment, the way it is regulated, incentivized and monitored largely determines the disaster risk associated with the growing hazard exposure of economic assets (UNISDR, 2013a x UNISDR. 2013a,Global Assessment Report on Disaster Risk Reduction: From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction, Geneva, Switzerland: UNISDR.. . ). Many of the locations that have been highly successful in attracting investment, such as Miami (Box. 10.1), are also located in hazard-prone locations. While Box 10.1 Sea level risk and investment in Miami Figure 10.2 Rising sea levels in Miami (Source: Peter Harlem, Florida International University.) In Miami, rising sea levels and regular storm surges are already combined with exceptional geology and a weak sewage system, leading to recurrent flooding in parts of the city and contamination of drinking water supplies. In the future, further sea level rise will mean that parts of the world’s busiest cruise ship port as well as the city’s waterfront and the city’s prime real estate will be submerged (Carter et al., 2014 x Carter, Lynne M., James W. Jones, Leonard Berry, Virginia Burkett, James Murrley, Jayantha Obeysekera, Paul J. Schramm and David Wear. 2014,Southeast and the Caribbean, Chapter 17. In Climate Change Impacts in the United States: The Third National Climate Assessment, J.M. Melillo, Terese (T.C.) Richmond and G. W. Yohe, eds., U.S. Global Change Research Program, pp. 396-417. doi:10.7930/J0NP22CB.. . ; WRI, 2014 x WRI (World Resources Institute). 2014,Sea-Level rise and its impact on Miami Dade County, Fact sheet. By Forbes Tompkins and Christina Deconcini.. . ), as sea levels are estimated to rise by 2 feet (more than half a metre) by 2060 (WRI, 2014 x WRI (World Resources Institute). 2014,Sea-Level rise and its impact on Miami Dade County, Fact sheet. By Forbes Tompkins and Christina Deconcini.. . ; Figure 10.2).	Page 1 Page 10 Page 20 Page 30 Page 40 Page 50 Page 60 Page 70 Page 80 Page 90 Page 100 Page 110 Page 120 Page 130 Page 140 Page 150 Page 160 Page 170 Page 180 Page 190 Page 191 Page 192 Page 193 Page 194 Page 195 Page 196 Page 197 Page 198 Page 199 Page 200 Page 201 Page 202 ->Page 203 Page 204 Page 205 Page 206 Page 207 Page 208 Page 209 Page 210 Page 211 Page 212 Page 213 Page 214 Page 215 Page 220 Page 230 Page 240 Page 250 Page 260 Page 270 Page 280 Page 290 Page 300 Page 310