WANG, Chenbo;
Cremen, Gemma;
Gentile, Roberto;
Galasso, Carmine;
(2023)
Development and assessment of pro-poor financial soft policies for earthquake-prone urban communities.
In:
Proceedings of Conference Earthquake Engineering and Dynamics for a Sustainable Future (SECED 2023).
Society for Earthquake and Civil Engineering Dynamics (SECED): Cambridge, UK.
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Abstract
Recent earthquake events have highlighted the effectiveness of financial ‘soft’ policies (e.g., earthquake insurance) in transferring seismic risk away from those directly impacted and complementing ‘hard’ disaster risk mitigation measures, such as seismic retrofitting. However, the benefits of existing financial soft policies are often not guaranteed. Among other factors, this may be attributed to their low penetration rate (e.g., in the case of earthquake insurance) and the fact that they typically neglect the explicit needs of low-income populations. We facilitate a way to address such shortcomings by proposing a framework for designing and assessing bespoke, people-centred, household-level, compulsory financial soft policies related to earthquake risk (including conventional earthquake insurance, income-based tax relief schemes, or a combination of these) across urban areas. The proposed framework leverages the Tomorrow's Cities Decision Support Environment, which aims to promote pro-poor risk-sensitive urban planning through strong local engagement. The framework specifically enables decision makers to design and assess the pro-poorness of mandatory financial soft policies, using financial impact metrics that discriminate earthquake-disaster losses on the basis of income. We showcase the framework using “Tomorrowville”, a hypothetical city that reflects a global-south urban setting in terms of its socioeconomic and physical aspects.
| Type: | Proceedings paper |
|---|---|
| Title: | Development and assessment of pro-poor financial soft policies for earthquake-prone urban communities |
| Event: | Society for Earthquake and Civil Engineering Dynamics (SECED) 2023 conference: Earthquake Engineering and Dynamics for a Sustainable Future |
| Location: | Cambridge, United Kingdom |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.seced.org.uk/index.php/seced-2023-proc... |
| Language: | English |
| Additional information: | This version is the author-accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. // © The Author(s), 2023. This article is shared under a Creative Commons Attribution Non-commercial International Licence 4.0 (CC BY-NC 4.0). http://creativecommons.org/licenses/by-nc/4.0/. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences > Inst for Risk and Disaster Reduction |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10181127 |
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