|
|
- Permanent Link:
- http://dpanther.fiu.edu/dpService/dpPurlService/purl/FI13042123/00001
Notes
- Summary:
- This report is a factsheet on the climate risks facing the City of Hull, UK, potential losses related to these risks, and the measures that could avert such losses and promote climate-resilient development. It discusses the importance of adaptation measures to make cities more resilient to the impacts of climate change such as floods, high winds, and sea level rise. The magnitude of climate-related loss, the various measures that can assist in reducing loss, and the cost-benefit ratios of investing in such measures are all issues of great import to local and national development efforts and thus to public officials and policymakers. The report utilizes the ECA methodology, which involves the identification of the most relevant climate hazard, analysis of historic disaster data sets, followed by an estimate of the expected economic loss for the present, and the effects of future economic growth and climate change on this estimate. In its scenario analysis, three potential levels of climate risk are outlined: today’s climate, moderate climate change, and high (or extreme) climate change for the year 2030. In the next step, the various measures involved in responding to climate risks are identified. Under the high climate change scenario for 2030, loss is expected to increase by 71%. The report then presents an assessment of various loss aversion measures and the cost-benefit ratios of each possible adaptation measure. It finds that 65% of losses under a high climate change scenario can be cost effectively averted by prevention and intervention measures such as flood awareness campaigns, emergency response training, improvement and repair to Hull’s existing sea and river defenses, and mobile protection for household contents. Insurance could cover another 15% of the expected loss. Other measures, such as elevating existing buildings to prevent flooding, flood proofing floors, roof foam and roof netting, are not cost-effective. Using the cost-benefit methodology, the report suggests three main categories of cost-effective climate change adaptation measures. They include policy measures such as flood-proofing requirements for new buildings and flood awareness campaigns; engineering measures, such as sea defenses; and risk-transfer measures, such as insurance. ( English,English )
- Subject:
- Climate Change Adaptation
- Citation/Reference:
- Bresch, David and Andreas Splegel (2011). Economics of climate adaptation (ECA) - shaping climate-resilient development, a framework for decision-making. Swiss Reinsurance Company (Swiss Re).
Record Information
- Source Institution:
- Florida International University
- Rights Management:
- All rights reserved by the source institution.
- Resource Identifier:
- FI13042123
|
|
