Reviewing cost-benefit analyses of disaster risk reduction C.M. Shreve , I. Kelman- Sambal member upload

Reviewing cost-benefit analyses of disaster risk reduction C.M. Shreve , I. Kelman Disaster risk reduction (DRR) has long been recognized for its role in mitigating the negative environ- mental, social and economic impacts of natural hazards. Still DR

BY: Manoj Kumar
Original Source / Author: International JournalofDisasterRiskReduction10(2014)213–235 14 Nov, 2017
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Reviewing cost-benefit analyses of disaster risk reduction
C.M. Shreve , I. Kelman

Disaster risk reduction (DRR) has long been recognized for its role in mitigating the negative environ- mental, social and economic impacts of natural hazards. Still DRR benefits are largely under-quantified particularly in the developing countries where the frequency of disasters and the resulting impacts are very high.   Disaster costs continue to rise and the demand has increased to demonstrate the economic benefit of disaster risk reduction (DRR) to policy makers. This study compiles and compares original CBA case. Many results confirm that DRR supports the economic effectiveness. This study identifies key limitations as including a lack of sensitivity analysis, meta-analyses, consideration of climate change, evaluation of the duration of benefits, broader consideration of the process of vulnerability, and potential disbenefits of DRR measures. To represent the potential benefits of DRR more comprehensively to decision makers, these limitations will need to be addressed Recommendations are made about the application of cost benefit analysis of DRR. Finally it  says that  in reference to Cost benefit analysis  that disaster mitigation can indeed save money but ‘How much money can be  saved  is not the only question.
 

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