Economic Issues in Risk Analysis: Do Strategic Analysis &Planning Michael R. Greenberg, Bloustein School, November 2008.

Slides:

Advertisements

Similar presentations

Tehran University of Medical Sciences Institute of Public Health Research Health in Emergency & Disaster Department (HE&DD) D isaster: Basic Terminology.

Advertisements

Museum Presentation Intermuseum Conservation Association.

A just world that values and conserves nature Conservation for Poverty Reduction Initiative IUCN launched its Conservation for Poverty Reduction Initiative.

Strengthening partnerships in disaster risk reduction WMO, XV Congress, Geneva, 2007.

NOW ITS YOUR TURN... Write an Impact Statement for Your Sea Grant Program Linda J. Brewer Senior Faculty Research Assistant Department of Horticulture.

WORLD CONGRESS ON DISASTER REDUCTION PRE-CONGRESS SUMMIT WORKSHOP AUGUST 19-22, 2001 WORLD CONGRESS MEETING AUGUST 26-30, 2002 REGIONAL FORUMS AND ACTIVITIES.

Designing educational opportunities for the emergency manager of the C21 st Neil Britton and John Lindsay.

Lessons from Katrina for Metropolitan Regions Louise K. Comfort Graduate School of Public & International Affairs University of Pittsburgh

COPS CGE Workshop, Victoria University, Melbourne 11 August 2014 INTEGRATED GLOBAL MODELLING AND ANALYSIS Assessing the benefits of meteorological information:

Arizona: One Approach to doing a THIRA Presented by: Lisa Hansen, Assistant Director, Planning and Preparedness, Arizona Department of Homeland Security.

Feasibility Study Preparation Venelina Varbova. Session Overview  Purpose of the Feasibility Study  The Feasibility Study process according.

THE GREEN ECONOMY TRANSITIONING TO A NEW DEVELOPMENT PARADIGM Presenter: Dr. Justine Ram Designation: Director, Economics Department Date: 24 February,

Environmental Impact Assessment Myriam Raiche November 8, 2007.

Health Aspect of Disaster Risk Assessment Dr AA Abubakar Department of Community Medicine Ahmadu Bello University Zaria Nigeria.

Introduction to the State-Level Mitigation 20/20 TM Software for Management of State-Level Hazard Mitigation Planning and Programming A software program.

LEADERS 2006 International Course on Development and Disasters November 20 – December 01, Ocho Rios, Jamaica. RISK REDUCTION Presenter: Aston Brown.

Protection and Disaster Risk Reduction (Place) – (Date) Session 6.1: Integrating Protection into Disaster Risk Reduction.

Office of Science & Technology Policy Executive Office of the President The National Climate Assessment Version 3.0 Kathy Jacobs Assistant Director for.

Risk and Resilience: A Canadian Perspective on Climate Change Adaptation Donald S. Lemmen, PhD Climate Change Impacts and Adaptation Directorate Natural.

Introduction to Environmental Geology

Presented by Utsala Shrestha, June 08, 2008 R-2007-COE-01 Department of Environmental science00.

Foster and sustain the environmental and economic well being of the coast by linking people, information, and technology. Center Mission Coastal Hazards.

Business Continuity. HSEMD, IDALS, CFSPH Animal Disease Emergency Local Response Preparedness, 2008 Learning Objectives Recognize the impact an animal.

Strengths 1.Describes clearly the intrinsic value of the Delta and its economy and documents the many public-good services provided by the Delta 2.Provides.

July, 2012 Catastrophe Insurance Overview AIIF 2012, Baku, Azerbaijan.

Implementing HAZUS-MH in Pre-Disaster Mitigation

Harnessing the Power of Environmental Data for Decision-Making IABIN Phase II.

Adaptation to Climate Change Guidance to Programming Opportunities Energy and Environment Practice Meeting September, 2005 Bratislava, Slovak Republic.

Quantifying Disaster Risk and optimizing investment Sujit Mohanty UNISDR – Asia Pacific Protecting development gains: A path towards resilience.

PEIP National workshop in Montenegro: developing environmental infrastructure projects in the water sector Feasibility Study Preparation Venelina Varbova.

N AVIGATING THE T URN : F LOOD R ISK A SSOCIATED WITH L EVEES Sam Riley Medlock, J.D., CFM Association of State Floodplain Managers May 2011.

Contingency Planning and Emergency Preparedness Process and Practice PCWG Protection Cluster Coordination Training 2008.

Dam Hazard Consequences Assessment

Mitigation can include structural and nonstructural efforts.

NeighborhoodScore Oceanside Waterfront Fisherman’s Row Meadowglen Sunnybrook Old Town Total.

1 Emergency Management and Risk Analysis for Hazardous Materials Transport Shashi Nambisan Professor of Civil Engineering Dept of Civil & Environmental.

HAZUS-MH is a multi-hazard risk assessment and loss estimation software program developed by the Federal Emergency Management Agency (FEMA). (animate on.

Project Management By: Dr Madhu Fernando Project Risk Management

Integrated Assessment of Trade-Related Policies and Biological Diversity in the Agriculture Sector Introdution to Integrated Assessment Session 6 Geneva,

Water Resource Management: Strategic Issues & Perspectives Fred Van Zyl Department of Water Affairs 30 April

August 2013 Coastal Incentive Grant Program Cycle 17 Highlights Planning for Cycle 18 Coastal Advisory Council Annual Meeting July 31, 2014 Georgia Department.

Regional Transportation Investments: Alaskan Way Viaduct / Seawall Port of Seattle Commission Policy and Staff Briefing March 14, 2006 Item No. xx Supp.

1 Scenarios and More California Water Plan Advisory Committee Meeting April 14 th, 2005.

THE COUNTY OF YUBA OFFICE OF EMERGENCY SERVICES The Disaster Mitigation Act of 2000.

Aim 2 & 4 Integration. Objectives of Aims 2 & 4 Aim 2 Develop multi-scaled modeling program to assess forest management systems Aim 4 Life cycle, policy.

Forestry, Agriculture & Climate Change Modeling to Support Policy Analyses William Hohenstein Director, Climate Change Program Office, USDA September 27,

Linking preparedness, response and recovery Identify links between short-term humanitarian response and each stage of the disaster management cycle Identify.

Key Words in disaster Management Dhammika Mahendre.

Stephen Hamilton Senior Planner Officer Planning and Environmental Policy Group.

How Katrina Impacted the Corps, and Implications for Those Living Near Water1 Slide1 Examples in Quantifying Flood Risk Presentation to National Flood.

California’s Flood Future Recommendations for Managing the State’s Flood Risk Flood Risk Management & Silver Jackets Workshop August 21, 2012.

Local Disaster Risk Reduction Action Plan (LDRRAP): Principles and Practice.

97 th Annual Purdue Road School Presented by: Katie Zimmerman, P.E. Applied Pavement Technology Transportation Asset Management.

I NSURANCE IN THE CONTEXT OF PRINCIPLES FOR SUSTAINABLE INSURANCE (PSI) OF THE UN ENVIRONMENT PROGRAM FINANCIAL INITIATIVE, AND CLIMATE CHANGE EFFECTS.

Using Analysis and Tools to Inform Adaptation and Resilience Decisions -- the U.S. national experiences Jia Li Climate Change Division U.S. Environmental.

GFDRR Work Plan April 27, 2016 Luis Tineo

World Bank and Habitat III

Tools for Infrastructure System Resilience Evaluation

THE COUNTY OF YUBA OFFICE OF EMERGENCY SERVICES

The Feasibility Study: something we already know

DISASTER MANAGEMENT – WITH SPECIAL EMPHASIS ON EARTHQUAKE

Overview of Climate Resilience in Transportation Planning October, 2017 Savannah, GA Jill Stark, FHWA, Office of Planning.

Feasibility Study Preparation Venelina Varbova

Project logo SIM4NEXUS Duration:

Disaster Mitigation Mitigation reduces the impact of disasters by supporting protection and prevention activities, easing response, and speeding recovery.

GCF business model.

Socioeconomic Aspects of Disaster Risk Reduction

Stakeholder Engagement

THE USA’S NEW POLICY DIRECTIVE ON NATIONAL PREPAREDNESS

Presentation transcript:

Economic Issues in Risk Analysis: Do Strategic Analysis &Planning Michael R. Greenberg, Bloustein School, November 2008

Context Proponent of Risk Analysis Risk assessment Risk management, which includes economic analyses

Two economic issues that need to be addressed (1) Strategic assessment of potential disasters (2) Lifecycle cost assessment ( briefly summarize)

Strategic assessment of disasters U.S. does not systematically analyze vulnerabilities and economic implications of disasters failed to protect engineered systems inadequate land use-planning or design to reduce risk

Inadequate planning for evacuation or relocation Failure to understand implications of different levels and staging of restoration Failure to provide resources that build resiliency into systems or mitigate against economic consequences

Attributes for Economic Preparedness Measure costs & benefits (Direct, indirect and induced impacts) Geographical scale (Local, regional, multi county, state, national, international) Temporal (aftermath, intermediate, long- term)

Attributes (2) Ability to measure policy consequences (investments in mitigative measures upgrading bridges, dams, electric power substations) Investments in resiliency (education, alternative production methods, use alternative resources) Impact on disadvantaged (poor, second language, immobile)

Tools Input output Econometric Computable general equilibrium Regional economic models (REMI)

Key Data Needs Estimate of resiliency spatial unevenness of vulnerability and responsiveness insurance

Be proactive with our existing tools Local scale use Hazus to produce estimates of worst disasters for 5 years State use CGE or econometric model to prepare plausible state estimates Feds use REMI to develop national estimates Prepare briefings for Congress and Executive branches. Stop being passive as if we have no capacity for strategic planning.

References M. Greenberg, M. Lahr, and N. Mantell. Understanding the economic costs and benefits of catastrophes and their aftermath: a review and suggestions for the US federal government. Risk Analysis. 27 (1), 2007,

M. Greenberg, H. Mayer, and D. Lewis, Life-cycle cost in a highly uncertain economic environment: the case of managing the U.S. Department of Energy’s nuclear waste legacy, Federal Facilities Environmental Journal, Spring, 2004,