Assessing the Costs of Natural Hazards – State of the Art and the Way Forward

Meyer, V.; Schwarze, Reimund; Becker, Nina; Markantonis, Vasileios; Bergh, J.C.J.M. van den; Bouwer, Laurens M.; Bubeck, Philip; Ciavola, Paolo; Genovese, Elisabetta; Green, Colin; Hallegatte, Stéphane; Kreibich, Heidi; Lequeux, Quentin; Logar, Ivana; Papyrakis, Elissaios; Pfurtscheller, Clemens; Poussin, Jennifer K.; Przyluski, Valentin; Thieken, Annegret H.; Viavattene, Christophe

doi:10.1002/9781118629567.ch4a

Cited by 2 publications

(1 citation statement)

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“…However, this built inconsistency into the estimates, as some sources were full economic analyses of disasters, while others were from media and reports. Guha-Sapir, et al [1] [45].…”

Section: Number Of Disastersmentioning

confidence: 99%

How much do disasters cost? A comparison of disaster cost estimates in Australia

Ladds

Keating

Handmer

et al. 2017

International Journal of Disaster Risk Reduction

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Extreme weather events in Australia are common and a large proportion of the population are exposed to such events. Therefore, there is great interest as to how these events impact Australia's society and economy, which requires understanding the current and historical impact of disasters. Despite global efforts to record and cost disaster impacts, no standardised method of collecting and recording data retrospectively yet exists. The lack of standardisation in turn results in a range of different estimates of economic impacts. This paper examines five examples of aggregate disaster loss and impacts of natural disasters in Australia, and comparisons between them reveal significant 2 data shortcomings. The reliability of data sources, and the methodology employed to analyse them can have significant impacts on conclusions regarding the overall cost of disasters, the relative costs of different hazards (disaster types), and the distribution of losses across Australian states. We highlight difficulties with time series comparisons, further complicated by the interdependencies of the databases. We reiterate the need for consistent and comparable data collection and analysis, to respond to the increasing frequency and severity of disasters in Australia.

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“…However, this built inconsistency into the estimates, as some sources were full economic analyses of disasters, while others were from media and reports. Guha-Sapir, et al [1] [45].…”

Section: Number Of Disastersmentioning

confidence: 99%