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Sustainability 2015, 7(7), 9048-9066; doi:10.3390/su7079048

Can Resilience Thinking Inform Resilience Investments? Learning from Resilience Principles for Disaster Risk Reduction

1
Institute of Environmental Sciences, University of Geneva, 66 boulevard Carl Vogt, 1205 Geneva, Switzerland
2
Commonwealth Scientific and Industrial Research Organisation (CSIRO), Land and Water Flagship, Australian Tropical Science and Innovation Precinct, Private Mail Bag, Aitkenvale QLD 4814, Australia
3
Graduate School of Public Policy, University of Tokyo, Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033, Japan
4
Department of Science, Technology, Engineering and Public Policy (STEaPP), University College London, Boston House, 36-38 Fitzroy Square, London W1T 6EY, UK
*
Author to whom correspondence should be addressed.
Academic Editor: Rafael D’Almeida Martins
Received: 17 February 2015 / Revised: 22 June 2015 / Accepted: 7 July 2015 / Published: 13 July 2015
(This article belongs to the Special Issue Sustainability Strategies to Adapt to Climate Change)
View Full-Text   |   Download PDF [894 KB, uploaded 13 July 2015]   |  

Abstract

As the human and financial costs of natural disasters rise and state finances continue to deplete, increasing attention is being placed on the role of the private sector to support disaster and climate resilience. However, not only is there a recognised lack of private finance to fill this gap, but international institutional and financing bodies tend to prioritise specific reactive response over preparedness and general resilience building. This paper utilises the central tenets of resilience thinking that have emerged from scholarship on social-ecological system resilience as a lens through which to assess investing in disaster risk reduction (DRR) for resilience. It draws on an established framework of resilience principles and examples of resilience investments to explore how resilience principles can actually inform decisions around DRR and resilience investing. It proposes some key lessons for diversifying sources of finance in order to, in turn, enhance “financial resilience”. In doing so, it suggests a series of questions to align investments with resilience building, and to better balance the achievement of the resilience principles with financial requirements such as financial diversification and replicability. It argues for a critical look to be taken at how resilience principles, which focus on longer-term systems perspectives, could complement the focus in DRR on critical and immediate stresses. View Full-Text
Keywords: disaster risk reduction; private finance; climate resilience; resilience principles; social-ecological systems disaster risk reduction; private finance; climate resilience; resilience principles; social-ecological systems
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Clarvis, M.H.; Bohensky, E.; Yarime, M. Can Resilience Thinking Inform Resilience Investments? Learning from Resilience Principles for Disaster Risk Reduction. Sustainability 2015, 7, 9048-9066.

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