What is a mega disaster?
A large scale disaster that poses problems for effective management and require coordinated, usually international, responses.
They are high impact, low probability
Criteria for a mega- disaster
+2000 deaths
+200,000 people become homeless
GDP reduced by atleast 5%
What made Iceland 2010 a mega disaster?
African countries lost approx £65 mil due to loss of perishable goods as they could not be flown to europe
Tourism/Airlines lost income due to not being able to fly
Nissan vehicles plant in Japan had to halt production as parts were not able to be flown
What made Japan 2011 a mega disaster?
Lost a gdp of 5%
Radioactive damage
What made the Indian Ocean Tsunami a mega disaster?
over 200,000 people died
14 countries effected
1.7 mil people made homeless
2011 Japan tsunami - What did it show?
How globalised, interdependent world economy could be affected by economic and human impacts of disasters.
2011 Japanese tsunami (Tohoku) - Impacts of Fukushima nuclear meltdown
Catalyst in Germany abandoning its nuclear energy programme.
2011 Japanese tsunami (Tohoku) - Impact on energy (gas)
Affected worldwide availability and affordability of liquified natural gas affected by Japans increased demand
2011 Japanese tsunami (Tohoku) - Impact on Asia energy
Impacted Asian market where they had quickest rate of increasing energy consumption
2011 Japanese tsunami (Tohoku) - Impact on capital costs
Nuclear power plant accident contributed to escalating capital costs associated with construction of new nuclear reactors because additional safety measures required