Incentives for Reducing Disaster Risk in Urban Areas by Asian Development Bank;

Author:Asian Development Bank;
Language: eng
Format: epub
Publisher: Asian Development Bank Institute
Published: 2018-08-15T00:00:00+00:00

Incentives Used by City Governments to Incentivize Large and Medium-Sized Businesses

Use of urban planning initiatives: In Da Nang, the city government has simplified investment approval processes in an effort to attract business investors to the city. This simplification of processes defers the strategic environmental assessment and/or environmental impact assessment until after the investment proposal has been approved.

In this example, large developers are incentivized to invest in the city by rewarding them with a simplified investment approval process, which reduces the time required for approvals and saves money. However, by allowing these developers to undertake the strategic environmental assessment and/or environmental impact assessment after the investment proposal has been approved, a perverse incentive may be created, rendering these assessments “tokenistic” and enabling developers to avoid investments that would reduce disaster risk.

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