Three reports published: Economics for disaster prevention and preparedness
Economics for disaster prevention and preparedness: Making smart investments in disaster and climate resilience in Europe.
Three new analytical reports have been unveiled in Brussels, Belgium, on May 15, 2024, by the World Bank and the European Commission. These reports focus on prioritising investments in disaster and climate resilience, costing climate change adaptation, and advancing financial resilience. The launch event was attended by high-level representatives from key Commission services, the World Bank, EU Member States, and UCPM participating states.
The reports are expected to provide critical insights into the economic and financial aspects of climate resilience and disaster management, aiming to assist countries in better preparing for and responding to the challenges posed by a changing climate. Furthermore, the reports are scheduled to be presented during a panel discussion at the European Civil Protection Forum on June 4, 2024.
“Disasters are devasting for everyone, but can disproportionately impact Europe’s most vulnerable communities, increasing poverty and inequality”.
Within the Commission this work has been led by ECHO in collaboration with other services of the Commission including the Directorates-General for Climate Action (DG CLIMA) and Economic and Financial Affairs (DG ECFIN), Regional and Urban Policy (DG REGIO), the Joint Research Centre (JRC), and other key departments.
The report series is a follow-up to the successful collaboration between ECHO and the World Bank in 2020–2021, which resulted in a study and reports that demonstrated the economic value of investing in disaster resilience, enhanced financial preparedness, and capacity building.
The reports can be downloaded from the Knowledge Network website. You can also access reports from the 2021 study, as well as useful training materials that draw on the findings of the study.
“Investments in prevention and preparedness are urgently needed at all levels, starting with critical sectors that provide emergency response services”.
The following three reports aim to provide decision makers and practitioners with evidence, data, and tools to inform policy and investment efforts:
Report 1: From data to decisions: Tools for making smart investments in prevention and preparedness
Invest ‘smartly’ in priority sectors and areas that maximise societal benefits.
Report 2: Climate adaptation costing in a changing world
Use costing of climate change adaptation needs and develop adaptation pathways.
Report 3: Financially prepared: The case for pre-positioned finance
Use financial instruments for efficient management of fiscal risks from disaster and climate change.
For further information, contact: ECHO-CP-P-P@ec.europa.eu
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Sectors
Resilience
Risk drivers
Climate change
Thematic series
Prevention and preparedness activities