Business Standard

World not spending enough to avert disasters as global calamities rise: UN

Of the $133 billion in available disaster-related financing in 2010 to 2019, only 4% went to reducing risks with the rest being spent on more costly post-calamity responses, a UN official said

Temperatures in the gritty New Delhi locality of Mungeshpur averaged 1.4° Celsius higher so far this month than in the suburban enclave of Safdarjung, IMD data shows. (Photo: Bloomberg)
Premium

Temperatures in the gritty New Delhi locality of Mungeshpur averaged 1.4° Celsius higher so far this month than in the suburban enclave of Safdarjung, IMD data shows. (Photo: Bloomberg)

Claire Jiao | Bloomberg
Nations are spending too little to prevent disasters in the face of rising global calamities from the floods in South Africa to a record-breaking heatwave in India.
 
Of the $133 billion in available disaster-related financing in 2010 to 2019, only 4% went to reducing risks with the rest being spent on more costly post-calamity responses, Mami Mizutori, head of the United Nations Office for Disaster Risk Reduction, said in an interview. 

“This is the new landscape of disaster risk,” Mizutori said ahead of a global forum on disaster risk reduction in Bali. “We are living in a multi-hazard world with

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 28 2022 | 6:29 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com