Positive Externalities in the Polycrisis: Effectively Addressing Disaster and Climate Risks for Generating Multiple Resilience Dividends

This paper argues that, in the context of the Polycrisis, further investment is urgently needed to address the underlying drivers of disaster and climate-related risks. The authors examine the state of arts of the Triple Dividend of Resilience (TDR) framework, a concept that suggests resilience investments yield not only risk reduction benefits from intervention investments, but also dividends from unlocked development potential and co-benefits. By highlighting the often-overlooked positive externalities and systemic benefits of resilience investments, the paper calls for a broader, more integrated approach to decision-making that goes beyond traditional cost-benefit analysis.