Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2019.106487 |
Financing coastal resilience by combining nature-based risk reduction with insurance | |
Reguero, Borja G.1,2; Beck, Michael W.1,2; Schmid, David3; Stadtmueller, Daniel4; Raepple, Justus5; Schiissele, Stefan6; Pfliegner, Kerstin7 | |
2020-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2020 |
卷号 | 169 |
文章类型 | Article |
语种 | 英语 |
国家 | USA; Switzerland; Germany |
英文摘要 | The increasing impacts of climate hazards combined with the loss of coastal habitats require urgent solutions to manage risk. Storm losses continue to grow and much of them are uninsured. These losses represent an increasing burden to individuals, businesses, and can jeopardize national development goals. Pre-hazard mitigation is cost effective, but both the public and private sector struggle to finance up-front investments in it. This article explores a resilience solution that combines risk transfer (e.g., insurance) with risk reduction (e.g., hazard mitigation), which have often been treated as two separate mechanisms for disaster risk management. The combined mechanism could help align environmental and risk management goals and create opportunities for public and private investment in nature-based projects. We assessed this resilience insurance with hypothetical cases for coral reef restoration. Under conservative assumptions, 44% of the initial reef restoration costs would be covered just by insurance premium reductions in the first 5 years, with benefits amounting > 6 times the total costs over 25 years. We also test the sensitivity to key factors such as project cost, risk reduction potential, insurance structure, economic exposure and discount rates. The resilience insurance mechanism is applicable to many coastlines and can help finance nature-based adaptation. |
英文关键词 | Resilience insurance |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000510953600057 |
WOS关键词 | CLIMATE-CHANGE ; CORAL-REEFS ; BIODIVERSITY ; PROTECTION ; ECOSYSTEMS ; SCALE |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/279009 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Calif Santa Cruz, Inst Marine Sci, 115 McAllister Way, Santa Cruz, CA 95060 USA; 2.Nature Conservancy, 115 McAllister Way, Santa Cruz, CA 95060 USA; 3.New Reinsurance Co Ltd NewRe, Zollikerstr 226, CH-8008 Zurich, Switzerland; 4.Hosted GIZ GmbH, Friedrich Ebert Allee 40, D-53113 Bonn, Germany; 5.Nature Conservancy, 201 Mission St, San Francisco, CA 94105 USA; 6.Munchener Ruckversicherungs Gesell Munich Re, D-80802 Munich, Germany; 7.Nature Conservancy, Schiffbauerdamm 8, D-10117 Berlin, Germany |
推荐引用方式 GB/T 7714 | Reguero, Borja G.,Beck, Michael W.,Schmid, David,et al. Financing coastal resilience by combining nature-based risk reduction with insurance[J]. ECOLOGICAL ECONOMICS,2020,169. |
APA | Reguero, Borja G..,Beck, Michael W..,Schmid, David.,Stadtmueller, Daniel.,Raepple, Justus.,...&Pfliegner, Kerstin.(2020).Financing coastal resilience by combining nature-based risk reduction with insurance.ECOLOGICAL ECONOMICS,169. |
MLA | Reguero, Borja G.,et al."Financing coastal resilience by combining nature-based risk reduction with insurance".ECOLOGICAL ECONOMICS 169(2020). |
条目包含的文件 | 条目无相关文件。 |
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