TY - CHAP
T1 - Assessing the Costs of Natural Hazards - State of the Art and the Way Forward
AU - Meyer, Volker
AU - Schwarze, Reimund
AU - Becker, Nina
AU - Markantonis, Vasileios
AU - van den Bergh, Jeroen C.J.M.
AU - Bouwer, Laurens M.
AU - Bubeck, Philip
AU - Ciavola, Paolo
AU - Genovese, Elisabetta
AU - Green, Colin
AU - Hallegatte, Stephane
AU - Kreibich, Heidi
AU - Lequeux, Quentin
AU - Logar, Ivana
AU - Papyrakis, Elissaios
AU - Pfurtscheller, Clemens
AU - Poussin, Jennifer
AU - Przyluski, Valentin
AU - Thieken, Annegret H.
AU - Viavattene, Christophe
PY - 2014/12/31
Y1 - 2014/12/31
N2 - © 2015 by John Wiley & Sons, Ltd. All rights reserved. The costs of natural hazards around the world are rising. While the number of events reported in the last 10 years has decreased slightly, the number of affected people and their related costs is increasing, indicating also an augmented exposure and vulnerability of humankind to natural hazards. In this chapter, a review of existing methods for cost assessment is carried out for each natural hazard (floods, droughts, coastal hazards and Alpine hazards) and cost category (direct costs, business interruption costs, indirect costs, intangible costs and risk mitigation costs). The chapter aims to synthesise the overall findings and conclusions based on various reviews. It presents the main findings concerning current best practices, based on the literature review and expert workshops. The chapter presents overall knowledge gaps and recommendations for practice and research, and addresses the way forward by depicting a vision on integrated cost assessment and risk management.
AB - © 2015 by John Wiley & Sons, Ltd. All rights reserved. The costs of natural hazards around the world are rising. While the number of events reported in the last 10 years has decreased slightly, the number of affected people and their related costs is increasing, indicating also an augmented exposure and vulnerability of humankind to natural hazards. In this chapter, a review of existing methods for cost assessment is carried out for each natural hazard (floods, droughts, coastal hazards and Alpine hazards) and cost category (direct costs, business interruption costs, indirect costs, intangible costs and risk mitigation costs). The chapter aims to synthesise the overall findings and conclusions based on various reviews. It presents the main findings concerning current best practices, based on the literature review and expert workshops. The chapter presents overall knowledge gaps and recommendations for practice and research, and addresses the way forward by depicting a vision on integrated cost assessment and risk management.
KW - Cost assessment
KW - Natural hazards
KW - Risk management
U2 - 10.1002/9781118629567.ch4a
DO - 10.1002/9781118629567.ch4a
M3 - Chapter
SN - 9781118629567
SN - 9781118629574
VL - 9781118629574
SP - 253
EP - 290
BT - Hydrometeorological Hazards: Interfacing Science and Policy
ER -