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Econ 919 — Emergency economics

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Photo: Sabine Poux/KDLL
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When an 8.2-magnitude earthquake hit near the Alaska Peninsula Wednesday, local alert systems sprang into action, beeping, buzzing and blaring to notify Alaskans in coastal communities they should get to higher ground.

Those notification systems require lots of preparation and funding well before a tsunami threat hits, explained Dan Nelson, emergency manager with the Kenai Peninsula Borough’s Office of Emergency Management.

And those aren’t the only costs associated with earthquakes. He says the borough is still addressing repairs from the quake that hit Southcentral Alaska in 2018.

  

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