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Tanner, Thomas, Surminski, Swenja, Wilkinson, Emily, Reid, Robert, Rentschler, Jun, Rajput, Sumati and Lovell, Emma (2016) 'The Triple Dividend of Resilience—A New Narrative for Disaster Risk Management and Development.' In: Surminski, Swenja and Tanner, Thomas, (eds.), Realising the 'Triple Dividend of Resilience': A New Business Case for Disaster Risk Management. Cham, Switzerland: Springer, pp. 1-29. (Climate Risk Management, Policy and Governance book series)

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To secure development gains and help eradicate poverty in the long run, it is critical to strengthen ex-ante disaster risk management (DRM) measures that build resilience at the household, firm and macro level. Decision-makers however often view DRM investments as a gamble that pays off only in the event of a disaster. This is despite increasing evidence that building resilience yields significant and tangible benefits, even if a disaster does not happen for many years. This chapter outlines the Triple Dividend of Resilience as a new analytical method to enhance the business case for investments in building resilience. The three benefits that are outlined are: (1) avoiding losses when disasters strike; (2) unlocking development potential by stimulating economic activity thanks to reduced disaster-related investment risks; and (3) social, environmental and economic co-benefits associated with investments. The second and third dividends in particular are typically overlooked in appraisals around investment decisions, and can accrue even in the absence of disaster events. Presenting evidence of additional dividends to policy-makers and investors can provide a stronger case for investment in DRM, helping to reconcile short- and long-term objectives. This chapter sets the conceptual basis for the more detailed assessments of the resilience streams and implications for decision-makers provided in the following chapters.

Item Type: Book Chapters
SOAS Departments & Centres: Departments and Subunits > Department of Development Studies
ISBN: 9783319406930
Copyright Statement: © Springer International Publishing Switzerland 2016. This is an accepted version of a chapter accepted for publication in Realising the 'Triple Dividend of Resilience': A New Business Case for Disaster Risk Management:
DOI (Digital Object Identifier):
Date Deposited: 04 Jul 2019 13:20

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