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Economics of DRR

Τhis theme covers economic analysis supporting risk-informed investments and better investment planning and financing strategies for disaster risk reduction. It also adresses post-event economic loss and impact assessments, cost benefit analysis and other DRR investment appraisal techniques, ex-ante economic impact assessments.

Latest Economics of DRR additions in the Knowledge Base

Update

Heatwaves ripple into the financial system

This column delves into Mexican financial vulnerabilities, revealing the link between extreme heat and increased delinquency rates, particularly among small and medium-sized enterprises.
Centre for Economic Policy Research
The Burden of Floods
Update

We are all connected: What to know about transboundary climate risks

At last year’s COP28 in Dubai, parties recognized for the first time the transboundary nature of climate change impacts, the importance of complex and cascading risks, and the need for knowledge-sharing and international cooperation to address them.
United Nations Development Programme (UNDP)
Update

The warming ocean is leaving coastal economies in hot water

The future of some jobs and businesses across the ocean economy have also become less secure as the ocean warms and damage from storms, sea-level rise and marine heat waves increases.
Conversation Media Group, the
Update

Adaptation and resilience investment: How do we get the capital it needs

More than $200 billion is needed annually for adaptation and resilience investments in water and energy systems, agriculture improvements and early-warning systems. This is set to rise if the 1.5 degree Celsius threshold is breached.
World Economic Forum
Heatwave, Bangladesh, 30 April 2024
Update

Why climate finance is pivotal to alleviating harm from South Asia's extreme heat

In the sweltering streets of South Asia, where temperatures soar to staggering heights, heat waves are not merely weather phenomena but existential threats, casting a long shadow over the region's future.
World Economic Forum
Research briefs

Putting a number on Loss and Damage

In a new article, authors explore novel ways of quantifying the economic costs of L&D which combines novel climate economic insights on damage quantification with principles of historical responsibility, applied to the L&D context.
Centro Euro-Mediterraneo sui Cambiamenti Climatici
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Documents and publications

Assessing top-down climate finance needs: Methodology

While global climate finance has steadily increased over the past decade, much more is needed to keep global temperature rises within 1.5°C by the end of this century and avoid the worst impacts of climate change.
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Documents and publications

Summer residential cooling outlook: Residential electric utility expenditures projected to reach record levels, highest in 10 years

Due to the unprecedented rise in summer temperatures and higher rates of extreme heat events over the last ten years, the cost of summer cooling has risen from $476 in 2014 to a predicted $719 in 2024.

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