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Economic Impacts of Disaster Risk and Risk Reduction Measures

Italy is notoriously prone to natural hazards and disaster risk due to its peninsular and mountainous conformation. The limited risk prevention and legacy of uncontrolled urban expansion contribute to amplifying the risks and their impacts. Recent FEEM & CMCC research has empirically estimated, for the first time in Italy, the potential impacts of climate change on the regional economy. Research of this type makes it possible to inform operative disaster risk reduction schemes and climate adaptation plans at regional level, responding to regional economic footprints. The performance assessment of different schemes of cost recovery is the successive step of the analysis yet to be completed.