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Understanding the Costs and Benefits of Disasater Risk Reduction Under Changing Climate Conditions: Case Study Results and Underlying Principles
Economics is a central consideration in developing strategies for reducing the impacts of climate change. Investments in disaster risk management can generate substantial returns as part of adaptation planning under a range of scenarios. The costs and benefits of any disaster risk reduction intervention depend heavily on the nature of that intervention and on the local context.
The case studies explored in this report-the Vietnam boat-winch project, the climate friendly straw-bale building techniques in Nepal and the community based qualitative evaluations -demonstrate the use of cost-benefit analyses [CBAs] in three types of strategies. These include: long-term adaptive strategies, medium-term no regrets" activities and small-scale, local-level innovations, all of which constitute a range of responses to climate change and attempt to raise the resilience of those who are most vulnerable to its impacts.
"Understanding the Costs and Benefits of Disaster Risk Reduction under Changing Climate Conditions: Case Study Results and Underlying Principles" summarises a set of activities that were conducted as a result of a systematic analysis and planning process at the local level. Beyond the need for systematic approaches to adaptation and disaster risk management planning, it is important to recognise that the cases and analyses conducted for this report suggest three different modes of intervention that have important implications for programme management by organisations such as the American Red Cross [ARC], the primary donor who supported this project An ability to adjust programming approaches in ways that enable organisations to respond to these different types of opportunities is important Achieving truly transformative change is likely to require the types of long-term engagement that would be required in the straw-bale case.
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