Resources Radio: Managing Flood Risk under Climate Change
In this episode of the Resource Radio pod cast, host Kristin Hayes talks with Carolyn Kousky, an RFF university fellow as well as the executive director at the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania. An expert in disaster insurance markets, Kousky discusses some challenges for contemporary flood insurance programs, from ensuring that low-income communities can afford insurance to incorporating the long-term risks of climate change into decisionmaking. Advocating a focus on “risk reduction” rather than mere “risk transfer,” Kousky discusses how natural infrastructure—such as mangroves or wetlands—can mitigate flooding damages, and how risk management tools like insurance can be leveraged to protect these pivotal ecosystem services.
Hayes, Kristin; Kousky, Carolyn
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