Capturing the Co-Benefits of Disaster Risk Management on the Private Sector Side

Rose, Adam

World Bank, Washington, DC

关键词: EQUITY IMPLICATIONS;    MONETARY POLICY;    CAPITAL MARKETS;    UNEMPLOYMENT RATES;    SUBSTITUTION;   

DOI  :  10.1596/1813-9450-7634
RP-ID  :  WPS7634

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In most countries, the private sectorowns the vast majority of the buildings and a considerableportion of the infrastructure at risk. However, mostinvestment in disaster risk management is made by the publicsector, with the private sector lagging far behind. Thesituation represents missed opportunities for businesses tocapture not only higher levels of the direct benefits ofdisaster risk management, but also a broader set ofco-benefits to themselves and society as a whole. Theseco-benefits include ways of lowering production costs,improving the health of workers, and contributing to generaleconomic stability. Ironically, many of these co-benefitsare more tangible and immediate than ordinary disaster riskmanagement benefits, which may not appear until a disasterhas struck many years after the investment has been made.This study analyzes several important facets of privatesector investment in disaster risk management, primarilyfrom an economic perspective. It is intended as a first steptoward promoting greater investment in disaster riskmanagement by identifying potential co-benefits, explainingwhy they are not always pursued, and suggesting ways tointegrate them into private sector decision-making. Thelatter includes government incentives, justified on thegrounds that many private sector investments have extensiveco-benefits, many of which pay dividends to society as a whole.