Saturday, February 23, 2019 | ePaper

Cost of climate-linked disasters soars: UN

  • Print
AFP, Geneva :
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.

More News For this Category

Zimbabwe starts trading new currency

AFP, Harare :Zimbabwe started Friday to trade its new currency, the RTGS dollar, two days after the central bank announced measures to try and resolve a chronic monetary crisis.On

Global equities climb on hopeful trade talk vibes

AFP, New York :Boosterish claims of progress in US-China trade talks lifted global stocks on Friday, sending Wall Street to its longest winning streak in more than two decades.Asian

Barrick weighing bid for Newmont to create gold giant

AFP, Montreal :Canadian miner Barrick Gold said Friday it is weighing a mammoth bid for American rival Newmont to reclaim its dominance in the gold sector.In a statement, the

Russian Finance Ministry sold diamonds worth $3.5m from State Fund

TASS, Moscow :The Russian Finance Ministry sold raw diamonds with the weight up to 10.8 carats at a public auction on February 20 in the amount of $3.5 mln,

Lankan economic growth slowest in 17 years : Central bank

AFP, Colombo :A political crisis in Sri Lanka last year led to the slowest economic expansion in 17 years, the central bank said Friday.Growth for 2018 was cut from

Dr. Anwar Hossain Khan, MP, Chairman of Executive Committee of Shahjalal Islami Bank Limited, presiding over its 62nd EC meeting at its head office recently. Among others Directors of the Bank Fakir Akhtaruzzaman, Khandaker Shakib Ahmed, Mohammad Younus, Md. Sanaullah Shahid, Mohiuddin Ahmed and Managing Director M. Shahidul Islam were present.

Dr. Anwar Hossain Khan, MP, Chairman of Executive Committee of Shahjalal Islami Bank Limited, presiding over its 62nd EC meeting at its head office recently. Among others Directors of the Bank Fakir Akhtaruzzaman, Khandaker Shakib Ahmed, Mohammad Younus, Md. Sanaullah Shahid, Mohiuddin Ahmed and Managing Director M. Shahidul Islam were present.

.

BTCL steps to new horizon making modernization

BTCL steps to new horizon making modernization

Aalimuzzaman Harun :BTCL has taken several new projects whose worksare is going on with full speed. It will be a new revolution in the country's telecommunications sector. Among them

Take concerted efforts for self-sufficiency in dairy sector: Speakers urge

Business Desk :Speakers at a roundtable discussion on Saturday stressed the need for taking concerted steps for attaining self-sufficiency in dairy sector.They also said it is possible to attain

Tobacco health hazard costs Tk 30,570cr in BD

Economic Reporter :Bangladesh faces growing economic losses due to tobacco related illness and premature death. Only the financial loss of tobacco use in Bangladesh is 30,570 crore or $

Robi earns Tk 6,798cr in 2018

Business Desk :Despite registering a loss of Taka 96 crore in fourth quarter, Robi earned Taka 6,798 crore in 2018 and ended the year with a slim profit of