D5.1 Working paper: Review of economic instruments in risk reduction
Deliverable D5.1, due in April 2014, reviewed the economic instruments available for managing disaster risk and asked which of them the ENHANCE case studies were likely to take up.
- Deliverable: D5.1, working paper, work package 5
- Full title: Review of economic instruments in risk reduction
- Named on the record: no author or uploader printed
- Timing: delivery month 17, which corresponds to April 2014 (project month 1 being December 2012); no version number printed
Work package 5 of ENHANCE covered economic instruments: insurance, but also the wider set of prices, payments and financial tools that can change how people and organisations deal with risk. D5.1 was its first review.
The working paper takes an inventory of economic instruments that support risk management in general, and then looks at their expected uptake in the ENHANCE case studies. The January 2015 publications roundup described it as an analysis of key economic instruments by their potential to create incentives for risk management (video and publications record).
The incentive question was the thread through the whole work package. The consortium’s 2013 response to the European Commission’s Green Paper had already argued that insurance can support physical risk reduction only if it is designed to, and that evidence on economic instruments was thin (Green Paper response). D5.1 was part of filling that gap. It was followed by D5.2 on the key instruments for each case study (D5.2 record) and D5.3 on novel insurance instruments (D5.3 record).
National insurance arrangements of the kind the review covers are compared on the schemes pages.
The report is listed in the document library.