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DISASTERS-ECONOMY-CLIMATE-UN
Cost of climate-linked disasters soars: UN
GENEVA, Oct 10, 2018 (BSS/AFP) – The economic cost of climate-related
disasters hit $2.25 billion over the last two decades, an increase of more
than 250 percent compared to the previous 20 years, the UN said Wednesday.
The United Nations Office for Disaster Risk Reduction (UNISDR) noted that
“climate change is increasing the frequency and severity of extreme weather
events” such as tsunamis, floods and storms.
Between 1978-1997, total losses for climate-related disasters was $895
million (780 million euros), UNISDR said in a report by the Centre for
Research on the Epidemiology of Disasters (CRED) at the Universite Catholique
de Louvain in Belgium.
But between 1998-2017 that figure hit $2.25 billion, the report said,
listing the United States, China, Japan and India as the countries where the
financial toll has been highest.
The findings were released as Michael, a Category Four hurricane, rumbled
towards the Gulf Coast of Florida, in the latest storm to threaten vast
destruction across the eastern US.
“The report’s analysis makes it clear that economic losses from extreme
weather events are unsustainable and a major brake on eradicating poverty in
hazard exposed parts of the world,” the UN secretary general’s special
representative for disaster reduction, Mami Mizutori, said in a statement.
UNISDR counted the number of climate-related disasters between 1998-2017
at more than 6,600, with storms and floods the most common events.
The report notes gaps in data collection, but says the findings clearly
show investing in disaster risk reduction must become a central part of
policy making in response to climate change.
BSS/AFP/HR/1458