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| Content Provider | Springer Nature Link |
|---|---|
| Author | Hochrainer, Stefan Linnerooth Bayer, Joanne Mechler, Reinhard |
| Copyright Year | 2010 |
| Abstract | This paper examines the legitimacy, viability and efficiency of the European Union Solidarity Fund by asking whether the Fund meets its stated purpose of providing solidarity within the EU, whether it is sufficiently capitalized and if it promotes disaster risk reduction in Europe. In examining these questions, we make use of ADAM models of disaster risks throughout Europe. We conclude that the Solidarity Fund falls short on all three counts, and we suggest possible alternatives. Most far-reaching, we explore whether the EUSF could support insurance systems in Europe by, among other possible activities, capitalizing national public-private insurance programs and providing support for government risk transfer. This would leverage the Fund’s capital and would overcome barriers to the provision of private and public sector insurance in uncertain catastrophe markets. It would also make insurance more affordable to Europe’s most vulnerable communities. Finally, it would reduce the disincentives for risk reduction inherent in post-disaster assistance. |
| Starting Page | 797 |
| Ending Page | 810 |
| Page Count | 14 |
| File Format | |
| ISSN | 13812386 |
| Journal | Mitigation and Adaptation Strategies for Global Change |
| Volume Number | 15 |
| Issue Number | 7 |
| e-ISSN | 15731596 |
| Language | English |
| Publisher | Springer Netherlands |
| Publisher Date | 2010-01-23 |
| Publisher Place | Dordrecht |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | European Solidarity Fund Extreme events Robustness Adaptation Insurance EU policy Risk reduction Meteorology/Climatology Environmental Management Climate Change |
| Content Type | Text |
| Resource Type | Article |
| Subject | Ecology Global and Planetary Change |
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