Comparing costs of preventing and reparing natural hazard events
The project will compare economic costs of repairing damages versus that of carrying out measures to prevent damage in connection with major weather-related events. More specific, the project will address the following objectives:
- What are the costs of reparing damage on public physical infrastructure caused by natural hazard events?
- What are the potential costs of carrying out measures that may have prevented or reduced damage on public physical infrastructure caused by natural hazard events?
- What are the potential additional costs of preventive measures if the effects of expected climate change are taken into consideration?
- How to define “more extreme weather situation" in the face of climate change?
- To what extent do local authorities consider the choicee between a strategy of prevention versus that of taking repair costs when they occur, and what factors affect local authorities to make such judgments?
- Is current insurance and financing framework conditions hindering or promoting a climate robust management of public infrastructure?
The project will study how natural hazards events such as landslides, floods, winds, storm surges affects municipal or county owned buildings (1-2 cases), roads (1.2 cases), ports (one case ) and water / wastewater (1-2 cases).