Glossary

Hazard

A process, phenomenon or human activity that may cause loss of life, injury or other health impacts, property damage, social and economic disruption or environmental degradation (UNISDR 2016).

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Insight Paper

Addressing Loss And Damage: Insights On The Fund And The Global Shield

This insight paper aims to improve the reader’s understanding of two initiatives aiming to address aspects of climate challenge.

Brief

Opportunity Cost Of Covid-19 Budget Reallocations: South Africa

This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

other key terms

Early warning system

Systems that monitor hazards and share information early, so people can act in time.

Development bank

A public financial institution providing loans, grants and expertise to support development goals.

Covariate shocks

Shocks affecting many households at once where losses are shared across the same community.

Shock-responsive social protection

Social protection systems adapted to scale quickly when large shocks affect many people.

Ex ante

Actions, decisions or financial arrangements made before a disaster or crisis occurs.

Preparedness

Skills, systems and resources developed to respond effectively to likely future crises.