Building economic resilience to natural hazards – coping and adaptive capacity based on selected examples

Natural hazards, such as floods and earthquakes, are becoming more common. Some point out that the frequency of floods may be the result of ongoing climate change. Therefore, efforts are being made to increase resilience, including economic resilience to natural hazards. Building resilience requires the right capacities. This article provides examples of activities that can help to develop coping and adaptation capacities in the event of natural hazards. The two types of capacities, selected for this article, were chosen based on the Australian Natural Disaster Resilience Index. Within the framework of the ability to cope with natural hazards, there are components such as social capital, economic capital, infrastructure and planning, emergency services, social capital, and information and management. For the purpose of the article, infrastructure and planning were selected. When it comes to developing adaptive skills, effective governance and the engagement of local communities are key.