Assessing the economic loss due to natural disasters from outer space
We propose an innovative approach to provide climate service by using the geographic distributions of natural disasters, assets exposed to disasters, and nighttime lights to estimate the potential benefit of climate-change adaptation through the economic loss avoided. We use a quasi-experimental pan...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-04-01
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| Series: | Climate Services |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405880722000048 |
| _version_ | 1818214460570992640 |
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| author | Yuan Cheng Xuehui Han |
| author_facet | Yuan Cheng Xuehui Han |
| author_sort | Yuan Cheng |
| collection | DOAJ |
| description | We propose an innovative approach to provide climate service by using the geographic distributions of natural disasters, assets exposed to disasters, and nighttime lights to estimate the potential benefit of climate-change adaptation through the economic loss avoided. We use a quasi-experimental panel data approach to assess the economic loss pre-and post-natural disaster reflected by changes in nighttime lights. Annual data from 1992 to 2012 in the Philippines is used as an example for illustration. We find that the potential benefits of climate-change adaptation might be much higher than those implied in the previous literature based on the Philippines data. We also show that the benefits would increase with the frequency of natural disasters. Our approach provides a cost-effective, transparent, and timely alternative to the conventional approach. |
| first_indexed | 2024-12-12T06:20:32Z |
| format | Article |
| id | doaj.art-223547d75e7c41baa9a08bfb6fc2becf |
| institution | Directory Open Access Journal |
| issn | 2405-8807 |
| language | English |
| last_indexed | 2024-12-12T06:20:32Z |
| publishDate | 2022-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Climate Services |
| spelling | doaj.art-223547d75e7c41baa9a08bfb6fc2becf2022-12-22T00:34:54ZengElsevierClimate Services2405-88072022-04-0126100286Assessing the economic loss due to natural disasters from outer spaceYuan Cheng0Xuehui Han1School of Social Development and Public Policy, LSE-Fudan Research Centre for Global Public Policy, Fudan University, China; Corresponding author.Fiscal Affair Department, the International Monetary Fund, USAWe propose an innovative approach to provide climate service by using the geographic distributions of natural disasters, assets exposed to disasters, and nighttime lights to estimate the potential benefit of climate-change adaptation through the economic loss avoided. We use a quasi-experimental panel data approach to assess the economic loss pre-and post-natural disaster reflected by changes in nighttime lights. Annual data from 1992 to 2012 in the Philippines is used as an example for illustration. We find that the potential benefits of climate-change adaptation might be much higher than those implied in the previous literature based on the Philippines data. We also show that the benefits would increase with the frequency of natural disasters. Our approach provides a cost-effective, transparent, and timely alternative to the conventional approach.http://www.sciencedirect.com/science/article/pii/S2405880722000048AdaptationNatural disasterNighttime lightsCost-benefit |
| spellingShingle | Yuan Cheng Xuehui Han Assessing the economic loss due to natural disasters from outer space Climate Services Adaptation Natural disaster Nighttime lights Cost-benefit |
| title | Assessing the economic loss due to natural disasters from outer space |
| title_full | Assessing the economic loss due to natural disasters from outer space |
| title_fullStr | Assessing the economic loss due to natural disasters from outer space |
| title_full_unstemmed | Assessing the economic loss due to natural disasters from outer space |
| title_short | Assessing the economic loss due to natural disasters from outer space |
| title_sort | assessing the economic loss due to natural disasters from outer space |
| topic | Adaptation Natural disaster Nighttime lights Cost-benefit |
| url | http://www.sciencedirect.com/science/article/pii/S2405880722000048 |
| work_keys_str_mv | AT yuancheng assessingtheeconomiclossduetonaturaldisastersfromouterspace AT xuehuihan assessingtheeconomiclossduetonaturaldisastersfromouterspace |