|Title||Valuing recovery through risk ownership|
|Publication Type||Journal Article|
|Year of Publication||2017|
|Authors||Young, C, Jones, R|
|Journal||Australian Journal of Emergency Management|
|Keywords||lessons management., mitigation, Natural hazards, prevention, risk ownership, risks|
As the risks encountered by natural hazards change and become more dynamic, so too, does the task of recovering from them. To manage natural hazards, planners must plan for the unexpected; building resilience before, during and after events. Currently, recovery funding is limited to a two-year window. Devastated communities that do not recover during this time rely on ad hoc funding to support patchy recovery beyond this. Planning for long-term recovery needs to be embedded throughout the risk assessment process to be effective. This presents a number of challenges. By identifying the longer-term risks and their consequences in advance, sustained recovery can be planned for all social, environmental and economic values (assets). This will determine what recovery interventions may be needed and when they are likely be most effective.