2020
DOI: 10.1016/j.oneear.2020.05.023
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The Perfect Storm: How to Prepare against Climate Risk and Disaster Shocks in the Time of COVID-19

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Cited by 12 publications
(7 citation statements)
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“…For governments, this also underlines that government balance sheets are absorbing a large part of the financial impact of compound shocks, well beyond the direct impacts often considered within current disaster risk financing strategies, such as emergency response, social protection, and reconstruction of public assets. 10 Implicit contingent liabilities from shocks like financial crises, natural disasters, and pandemics can create some of the largest fiscal risks to government balance sheets; 16 we demonstrate there that, in reality, such shocks cannot be considered in isolation.…”
Section: Linking Fiscal To Financial Sector Resiliencementioning
confidence: 82%
See 1 more Smart Citation
“…For governments, this also underlines that government balance sheets are absorbing a large part of the financial impact of compound shocks, well beyond the direct impacts often considered within current disaster risk financing strategies, such as emergency response, social protection, and reconstruction of public assets. 10 Implicit contingent liabilities from shocks like financial crises, natural disasters, and pandemics can create some of the largest fiscal risks to government balance sheets; 16 we demonstrate there that, in reality, such shocks cannot be considered in isolation.…”
Section: Linking Fiscal To Financial Sector Resiliencementioning
confidence: 82%
“…9 Ensuring financial preparedness of governments for shocks is critical both to reduce the impact of crises on government balance sheets (including public debt) and to ensure finance is available in emergencies to facilitate speedy recovery across society. 10 This focus is timely given the massive fiscal impact of COVID-19. The perspective aims to help catalyze future research and also inform the active debate within many governments post-COVID on how to integrate such risks more explicitly into government financial planning and preparedness and strengthen resilience.…”
Section: Introductionmentioning
confidence: 99%
“…Fiji’s cyclone season extends from November to April and is characterised by high and variable rainfall influenced by El Niño Southern Oscillation cycles ( Mangubhai et al, 2019 ). On 8 April 2020, Category 4 tropical Cyclone Harold passed through Fiji damaging over 2000 homes and causing extensive agricultural and infrastructure damage totaling US$22.6 million -->( OCHA, 2020 ; Mahul and Signer, 2020 ). With wind speeds of 120 km per hour, over 6000 people sought refuge at 197 Evaluation Centers despite social distancing restrictions in place.…”
Section: Methodsmentioning
confidence: 99%
“…Tropical cyclone Harold hit Vanuatu, Fiji, Tonga, and Solomon Islands as a Category 5 event between 2 and 9 April 2020.27 people lost their lives to Tropical Cyclone Harold, while many more were injured (Mahul and Signer, 2020). More than 159,000 people were affected by the cyclone in Vanuatu.…”
Section: Tropical Cyclone Harold Vanuatu 2-9 April 2020mentioning
confidence: 99%