Natural Disasters and Climate Change An Economic Perspective
This book explores economic concepts related to disaster losses, describes mechanisms that determine the economic consequences of a disaster, and reviews methodologies for making decisions regarding risk management and adaptation.The author addresses the
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Natural Disasters and Climate Change An Economic Perspective
Natural Disasters and Climate Change
Stéphane Hallegatte
Natural Disasters and Climate Change An Economic Perspective
123
Stéphane Hallegatte Sustainable Development Network World Bank Washington, DC, USA
ISBN 978-3-319-08932-4 ISBN 978-3-319-08933-1 (eBook) DOI 10.1007/978-3-319-08933-1 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2014949246 © Springer International Publishing Switzerland 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Cover image: Close-up view of the eye of Hurricane Isabel taken by one of the Expedition 7 crewmembers onboard the International Space Station (ISS). Image provided by NASA. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Prologue
New Orleans was founded in 1718 and by the early nineteenth century had grown into the largest city in the southern United States. Its land area protected by natural levees was very small, so as the city expanded, it spread into marshland that was drained using pumps, drainage canals, and artificial levees. More reliable electric pumps and the development of better levees at the start of the twentieth century allowed for accelerated development. In the years since, however, weather-related catastrophes have become common in and around th
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