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Title: | Losses, damages and return period of extreme weather events in the Maltese Islands |
Other Titles: | Emergent realities for social wellbeing : environmental, spatial and social pathways |
Authors: | Galdies, Charles Mallia, Neil |
Keywords: | Natural disasters -- Malta Natural disasters -- Economic aspects -- Malta Weather -- Economic aspects -- Malta Climatic changes -- Malta Flood damage -- Malta Climatic extremes -- Malta Severe storms -- Malta |
Issue Date: | 2017 |
Publisher: | University of Malta. Department of Criminology |
Citation: | Galdies, C., & Mallia, N. (2017). Losses, damages and return period of extreme weather events in the Maltese Islands. In S. Formosa (Ed.), Emergent realities for social wellbeing : environmental, spatial and social pathways (pp. 209-224). Malta: University of Malta. Department of Criminology. |
Abstract: | Full range economic costing of weather disasters tends to be quite challenging. Complete and systematic data on such impacts are often lacking, and most data sets generally tend to underestimate losses. The best estimates made by Hoeppe (2016) for the average global cost of natural disasters worldwide between 1980 and 2014 have caused a total of 1.7 million fatalities and at least $4,200bn damages, including $1,100bn insured losses. Around 65% of the overall losses were due to convective and hydrological events. And what about future trends? Nineteen years ago, William Nordhaus (1997) expressed his dilemma that is still haunting both scientists and economists of today. It relates to the current significant knowledge gaps between the projected increase of temperature (now with high confidence) and its translation into future ecological, economic and social outcomes. Many important sectors still lack a proper description of their future growth dynamics in the presence of such impacts (Hallegatte et al., 2016) and economists often resort to the modeling of long-term economic growth on the basis of current time horizon and climate change scenarios. In doing so, they are neglecting the possibility of potential deviations from presumed model conditions of economic growth, irrespective of whether adverse impacts affect rich economies or those already weakened by various disequilibria or inertia in their readjustment process. |
URI: | https://www.um.edu.mt/library/oar//handle/123456789/39275 |
ISBN: | 9789995790813 9789995790905 |
Appears in Collections: | Emergent realities for social wellbeing : environmental, spatial and social pathways |
Files in This Item:
File | Description | Size | Format | |
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Losses, Damages and Return Period of Extreme.pdf | 227.98 kB | Adobe PDF | View/Open |
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