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The economic and fiscal burdens of disasters in the Pacific

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dc.contributor.author Noy, Ilan
dc.contributor.author Edmonds, Christopher
dc.date.accessioned 2016-11-30T01:05:01Z
dc.date.accessioned 2022-07-07T21:34:29Z
dc.date.available 2016-11-30T01:05:01Z
dc.date.available 2022-07-07T21:34:29Z
dc.date.copyright 2016
dc.date.issued 2016
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/19552
dc.description.abstract The Pacific Islands face the highest disaster risk, in per capita terms, globally. Examples of catastrophic events in the region include the 2009 tsunami in Samoa, the 2014 floods in the Solomon Islands, and the 2015 cyclone Pam in Vanuatu. Even without these catastrophic events, countries in the Pacific are affected by frequent natural hazards of smaller magnitude. We first evaluate the three main sources quantifying risk in the region: EMDAT, Desinventar, and PCRAFI. We describe these sources and conclude they all underestimate the risk, especially for atoll nations, and because of four important trends with respect to changes in natural hazards as a consequence of climate change. These are: (1) increasing frequency of extremely hot days; (2) changing frequency and intensity of extreme rainfall events causing flash flooding or droughts; (3) increasing intensities and changing trajectories of cyclones; and (4) sea-level rise and other oceanic ecological changes. Financial protection is the one policy area where the Pacific is the most exposed—given the very large role of the public sector in the region. It is also the area where there is probably the most room for easy-to-implement improvement. We end by analysing the applicability of various financial instruments to facilitate both ex-ante and ex-post disaster risk management in the region. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working paper ; 25/2016 en_NZ
dc.subject Disaster risk en_NZ
dc.subject Pacific Islands en_NZ
dc.subject Small Island Developing States en_NZ
dc.subject SIDS en_NZ
dc.title The economic and fiscal burdens of disasters in the Pacific en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 140205 Environment and Resource Economics en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380105 Environment and resource economics en_NZ
dc.rights.rightsholder http://www.victoria.ac.nz/sef/research/sef-working-papers en_NZ

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