04 March 2011

Hedging against disaster: pooled risk management for megacities

By 2030 some 500 million Asians are expected to live in megacities - urban areas with populations exceeding 10 million - that are at risk from earthquakes, cyclones, and flooding.

© Typhoonski | Dreamstime.com © Typhoonski | Dreamstime.com

© Typhoonski | Dreamstime.com

IIASA researchers Stefan Hochrainer and Reinhard Mechler, in a paper in Cities, examine city-level risk management and suggest that Asian megacities can pool risks using a model similar to one used by Caribbean nations.

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Last edited: 19 July 2013

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