Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-wg55d Total loading time: 0 Render date: 2024-05-06T13:16:51.669Z Has data issue: false hasContentIssue false

10 - Financing City Resilience

from Part III - Law’s Role in Promoting Hazard Mitigation: Intergovernmental, International, National, and Local Approaches

Published online by Cambridge University Press:  27 October 2022

Susan S. Kuo
Affiliation:
University of South Carolina School of Law
John Travis Marshall
Affiliation:
Georgia State University College of Law
Ryan Rowberry
Affiliation:
Georgia State University College of Law
Get access

Summary

Cities face formidable, if not existential, challenges as they manage hurricanes, wildfires, flooding, earthquakes, severe weather, and other kinds of disasters. Between 1980 and 2020, nearly 300 major events caused almost $2 trillion in damages in the United States. And it is getting worse. The average annual number of events costing more than $1 billion in damages rose from 2.9 during the 1980s to 13.5 during the 2010s, with increases occurring between every decade. Costs are rising as well, increasing by roughly one-half to nearly double between each successive decade. Humans play a key role in triggering disasters or making them worse, especially through climate change and altering landscapes. They can also act to lessen the effects of natural disasters on cities, though not eliminate them. This requires planning and financing. This chapter begins in Part I with an overview of the two generic kinds of disasters and why I focus on just one of them – the localized form. This will lead into Part II, which primarily addresses the role of local and regional governments to plan for disasters and their mitigation. It also outlines an economic and financial strategy to implement those plans. Existing tools to finance resilience investments are summarized in Part III. They include key federal tools and what I call “conventional” tools. Innovative and emerging tools focusing on capitalizing resilience savings and value-added are the focus of Part IV. I conclude with observations about the brave new world of financing city resilience.

Type
Chapter
Information
The Cambridge Handbook of Disaster Law and Policy
Risk, Recovery, and Redevelopment
, pp. 181 - 206
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×