Unlabelled: Fiscal resilience against disasters is vital for the recovery in the aftermath of climate hazards. Without swift access to available funds for disaster relief, damages to human and the economy would be further exacerbated. How insurance may influence fiscal performance over time and can increase fiscal resilience for today and under a future climate has not been looked at yet in detail. Focusing on the Caribbean region and on the fiscal performance of governments after disaster events, we empirically analyze the effectiveness of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) regarding the reduction of short-term fiscal effects. We embed this analysis within a novel climate impact storyline approach where we produce past plausible events and investigate the usefulness of insurance under such events. The storylines were modified according to global and climate change related boundary conditions to address the issue whether the CCRIF is fit for purpose or will need to be adapted in the future. We found that both hurricane strikes and the CCRIF affect fiscal outcomes of Caribbean countries. Furthermore, there are indications that CCRIF can counteract the negative fiscal consequences over the short term period induced by the disaster. Our analysis should shed some light on the current discussions on how development related assistance can be structured to enhance climate resilience in highly exposed countries for both direct and fiscal impacts of disasters.

Supplementary Information: The online version contains supplementary material available at 10.1007/s41885-023-00126-0.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172055PMC
http://dx.doi.org/10.1007/s41885-023-00126-0DOI Listing

Publication Analysis

Top Keywords

disaster events
8
storyline approach
8
fiscal
8
fiscal resilience
8
fiscal performance
8
ccrif
5
climate
5
differential fiscal
4
fiscal performances
4
performances plausible
4

Similar Publications

Coupling tree-ring and geomorphic analyses to reconstruct the 1950s massive Glacier Lake Outburst Flood at Grosse Glacier, Chilean Patagonia.

Sci Total Environ

January 2025

Climate Change Impacts and Risks in the Anthropocene (C-CIA), Institute for Environmental Sciences, University of Geneva, Geneva, Switzerland; dendrolab.ch, Department of Earth Sciences, University of Geneva, Geneva, Switzerland; Department F.-A. Forel for Environmental and Aquatic Sciences, University of Geneva, Switzerland.

Over recent decades, global warming has led to sustained glacier mass reduction and the formation of glacier lakes dammed by potentially unstable moraines. When such dams break, devastating Glacial Lake Outburst Floods (GLOFs) can occur in high mountain environments with catastrophic effects on populations and infrastructure. To understand the occurrence of GLOFs in space and time, build frequency-magnitude relationships for disaster risk reduction or identify regional links between GLOF frequency and climate warming, comprehensive databases are critically needed.

View Article and Find Full Text PDF

Background: Prescribed burning is an important fuel management tool to prevent severe wildfires. There is a pressing need to increase its application to reduce dry fuels in the western United States, a region that has experienced many damaging wildfires. Public support for this practice is tempered by concern around smoke impacts and escape risks.

View Article and Find Full Text PDF

Impact of declared wildfire disasters on survival of lung cancer patients undergoing radiation.

Cancer Causes Control

January 2025

Surveillance and Health Equity Science, American Cancer Society, Kennesaw, GA, USA.

Purpose: Oncological treatments, such as radiotherapy, which requires consistent electricity, the presence of specialized clinical teams, and daily patient access to treatment facilities, are frequently disrupted by extreme weather events, posing several health hazards to patients. This study explores the association between declared wildfire disasters during radiotherapy and overall survival among patients with non-small cell lung cancer (NSCLC).

Methods: The study population consisted of 202,935 adults with inoperable Stage III NSCLC, who initiated radiotherapy from 2004 through 2019.

View Article and Find Full Text PDF

Serious mental health conditions and exposure to adulthood trauma in low- and middle-income countries: a scoping review.

Glob Ment Health (Camb)

November 2024

South African Medical Research Council Unit on the Genomics of Brain Disorders, Department of Psychiatry, Faculty of Medicine and Health Sciences, Stellenbosch University, Cape Town, South Africa.

Background: There is a strong link between trauma exposure and serious mental health conditions (SMHCs), such as schizophrenia and bipolar disorder. The majority of research in the field has focused on childhood trauma as a risk factor for developing an SMHC and on samples from high-income countries. There is less research on having an SMHC as a risk factor for exposure to traumatic events, and particularly on populations in low- and middle-income countries (LMICs).

View Article and Find Full Text PDF

Social media and disaster management by the National Emergency Management in Nigeria: What it is and what it should be.

J Emerg Manag

January 2025

Department of Urban and Regional Planning, Faculty of Environmental Design and Management, University of Ibadan, Nigeria.

The environment for communicating about emergencies and disasters has changed as a result of the development of mobile technologies and social media applications. The public expects emergency management agencies to monitor, respond to, and report disasters via mobile applications due to this shift. This study, using the retrospective approach, analyzes the posts by the National Emergency Management Agency (NEMA) on social media in Nigeria.

View Article and Find Full Text PDF

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!