Skip to main content

Economics for Disaster Prevention and Preparedness

Investing in disaster risk reduction and disaster resilience, strengthening financial protection and improving institutional preparedness makes economic sense.

Disasters can have devastating physical, social, and financial effects. In the past decade, Europe has seen major floods and earthquakes, while images of people seeking relief from record-breaking heatwaves are becoming commonplace. Between 1980 and 2020, natural disasters affected nearly 50 million people in the European Union and caused on average an economic loss of €12 billion per year. Intensity and frequency of disasters is expected to grow as a result of climate change.


The reports developed from the study highlight the importance of enhancing prevention, preparedness, and emergency response, which helps to reduce disaster and climate risks for people, improve sustainability, and enhance the welfare of European countries.

Investment in Disaster Risk Management - Summary

(10.68 MB - PDF)

Investment in Disaster Risk Management - Background

(21.31 MB - PDF)

Financial Risk and Opportunities to Build Resilience in Europe - Report

(9.78 MB - PDF)

Scaling up Disaster Risk Management Investments - Summary

(727.84 KB - PDF)

Training material

In addition to the reports, DG ECHO, with the assistance of the World Bank, offers training material that draws on the findings of the study. 

E-learning course

Developed by DG ECHO, an online eLearning course is available with open access on the EU Academy. The 1-hour self-paced course focuses on the risk landscape of the EU and the positive effects of disaster prevention and preparedness

Online workshop series 

This series of 3 training modules (120 min each) explore the analytical methods applied in the study. You hear the experts involved providing more background of the study and its findings.