Economics for Disaster Prevention and Preparedness - Why investing in prevention and preparedness makes economic sense

A few hours
Intermediate

Course details

Exacerbated by human-caused climate change, hazards such as floods and wildfires have been ravaging several parts of Europe. The human, environmental and economic losses from disasters are making recovery from the COVID-19 crisis even harder. Under the Union Civil Protection Mechanism, the European Commission and the World Bank carried out the study 'Economics for Disaster Prevention and Preparedness' that modelled the potential impact of floods and earthquakes on Europe’s society and economy and quantified the costs and benefits of investments in disaster resilience. This course demonstrates why investing in disaster prevention and preparedness makes economic sense. 

Target audience

Civil protection authorities, national administrations, academics and practitioners involved in disaster risk management, risk prevention and preparedness

Learning objectives

The course is based on the findings of the European Commission and World Bank’s study 'Economics for Disaster Prevention and Preparedness'. Participants will get to understand how disaster risk is estimated, to assess options for preventing risks and how disaster risk financing can be used to respond more effectively to disasters.

Offered by

This content is offered by the European Commission. The European Commission is the European Union's politically independent executive arm. It is alone responsible for drawing up proposals for new European legislation, and it implements the decisions of the European Parliament and the Council of the European Union.

5 (3)

Schedule

  1. 1. Introduction
  2. 2. Types of disasters
  3. 3. Impact of disasters
  4. 4. EU risk scape diagram
  5. 5. The concept of risk modelling
  6. 6. The components of a risk model
  7. 7. An introduction to disaster risk financing
  8. 8. The benefits of risk financing to the EU and its Member States
  9. 9. How risk financing can support the UCPM
  10. 10. Practical examples of risk financing
  11. 11. Benefits of disaster prevention and preparedness
  12. 12. Supporting broader European activities
  13. 13. Approaches to disaster prevention and preparedness
  14. 14. The positive effects of disaster prevention in Europe
  15. 15. Using Benefit-Cost Assessment to assess the benefits of disaster prevention
  16. 16. Knowledge test
  17. 17. Review deck

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