Comparing costs and benefits of mitigation options | Economics of natural hazards (8/10)

This video series has been created for anyone in the emergency management sector who is interested in learning how to apply economic analyses to the management of natural hazards.

In the eighth of the series, Dr Veronique Florec explains how to compare the costs and the benefits of mitigation options. By the end of this video, you will know what to include in the cost of mitigation, what to do to be able to compare the costs and benefits of mitigation, and how to think about timeframes for an economic analysis. You will also learn about discounting and the implications of using different discount rates.

Watch video 9, Calculating and interpreting the results from a benefit-cost analysis, here.