ITRC’s Dr Elco Koks contributed this short video lecture on the costs of extreme weather and risk reduction strategies. Dr. Koks uses examples of extreme weather events to demonstrate how to estimate their economic impacts and how to evaluate strategies and measures that will reduce vulnerability and potential losses.
For extreme weather events, the focus for action will be on reducing impacts. By developing a good picture of potential risks (e.g. to the supply chain) it is possible to plan for a society and economy that is more resilient, flexible and adaptive, and that is better placed to recover quickly.
This is one of a series of short lectures on approaches to disaster risk reduction for the Initiative on Climate Change policy and Governance (ICCGov). ICCGov promotes engagement between research, policy and practice, specifically on climate governance.