“Funding to prevent disasters is much more cost-effective than dealing with the consequences of disasters,” he said on Wednesday. “Each dollar invested in risk reduction prevents the loss of $4 dollars.”
The United Nations estimates that about $5.2 billion (CHF5.25 billion) was spent on reducing disaster risk between 2005 and 2017, representing 3.8% of total humanitarian spending. Switzerland invests around CHF50 million a year in disaster prevention activities abroad, mainly in Latin America and Asia.
The study highlighted the growing potential for one disaster to produce or exacerbate another, as heavy rains trigger landslides and mudslides following wildfires or periods of long drought.
The UN estimates that disasters have displaced nearly 25 million people per year over the past decade – about 50,000 per day.
Extreme weather events have doubled over the past 20 years, causing economic losses that are making it “an uphill battle” to maintain development gains in low- and middle-income countries, Mami Mizutori, special representative of the UN secretary-general for disaster risk reduction, said in a statementExternal link.
‘Insufficient’ progress
Examining the seven targets set out in the Sendai Framework for Disaster Risk ReductionExternal link, adopted by UN member states in 2015, Mizutori said progress had been “regular” but “insufficient”. For example, less than half of states have put in place a national strategy for disaster risk reduction – a target to be met by 2020.
The UNDRR assessment report called for improvements in data collection, evaluation and response. The authors warned that failure by governments to adopt appropriate strategies to manage risk or threats could slow or reverse progress towards the UN Sustainable Development Goals.External link
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