NTSP Disaster Risk

• Anticipatory action enables humanitarians and affected communities to make informed decisions ahead of a humanitarian crisis
• Capacity is the combination of all strengths, attributes, and resources available within an organization, community, or society to manage and reduce disaster risks and strengthen resilience
• Deterministic approaches are used to assess the disaster impacts of a given hazard scenario, whereas probabilistic methods are used to obtain more refined estimates of hazard frequencies and damages
• Direct disaster losses refer to quantifiable losses such as the number of people killed and damage to buildings, infrastructure, and natural resources. Indirect disaster losses include decreases in output or revenue and impact on people's well-being
• Disaster risk management involves activities related to prevention, mitigation, transfer, and preparedness to prevent new disaster risk, reduce existing disaster risk, and manage residual risk
• Disaster risk reduction aims at preventing new and reducing existing disaster risk and managing residual risk to strengthen resilience and achieve sustainable development
• Extensive risk is associated with low-severity, high-frequency events, while intensive risk is associated with high-severity, mid-to-low-frequency events
• Mitigation is the lessening or minimizing of the adverse impacts of a hazardous event
• Preparedness is the knowledge and capacities developed by governments, response and recovery organizations, communities, and individuals to effectively anticipate, respond to, and recover from the impacts of likely, imminent, or current disasters
• Prevention involves activities and measures to avoid existing and new disaster risks, aligning with the principles of sustainable development and "build back better" to avoid or reduce future disaster risk
• Resilience is the ability of a system, community, or society exposed to hazards to resist, absorb, accommodate, adapt to, transform, and recover from the effects of a hazard in a timely and efficient manner
• Response involves actions taken directly before, during, or immediately after a disaster to save lives, reduce health impacts, ensure public safety, and meet the basic subsistence needs of the people affected
• Sovereign risk is the economic impact that a government would face if a disaster occurred, aiming to strengthen the government's ability to respond after a disaster event while protecting its fiscal balance