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Real cost of disasters, 10 times more than pre -estimates

by Ankita Sharma
May 29, 2025

1 of 1

Source: UN News: Friday, 30 May 2025 00:01 am

Due to the huge cost of disasters in countries around the world, healthcare, housing, education and employment are having far -reaching effects. Countries are struggling with heavy financial costs due to natural disasters, as the financial burden of these disasters is 10 times more than the earlier estimate. This is the United Nations Disaster Risk Reduction Agency, Undrr A report released on Tuesday said that on one hand the current estimates show that the global economic impact of natural emergency situations like earthquake, landslides and floods is around $ 200 billion annually. Tweet url

The Global Risk Analysis Department, the head of the Department of Global Risk Analysis for UNDRR, said that the figure shows “only one fraction of the actual cost”. He said in the warning that the actual cost is close to $ 2.3 trillion. At the same time, the world is continuously data on the progress being made in the field of sustainable development. “It will be easy to understand by this example.” If a person was born in 1990, then in his lifetime, the possibility of experienceing the destructive flood once in the century is 63 percent. While this possibility for a child born in 2025 increases by 86 percent. Consolidation-Wood said, “These incidents are affecting all of us.” The cost of extreme weather is not only measured in the infrastructure destroyed, but also as lost years of health, education and opportunity. The free humanitarian counter-restipation, education, education and employment, is being disrupted due to the situation, education and employment. There are, due to which the national debt is increasing and the pace of the restaurant is slowing – especially in the already weak countries. Conscious -Wood said that this situation has made retaliation for humanitarian aid temporary and has made it temporary and such that support is not getting support because the country is struggling with constant and serious climate. Source: UndRR has doubled the loss of disaster in the last two decades. The financial damage has doubled in the last two decades. The new report of the agency shows how the international community can cooperate to make permanent investments, which leads to tolerance towards future disasters and the pressure on public finance is reduced. Most of the damage can be prevented. The challenge “The challenge is to improve our financing systems better and” use public and private investment to ensure that we are reducing the burden on governments. “Due to disasters between 2014 and 2023, about 24 million people displaced within their countries. Both the China and Philippines gave information while India, Bangladesh and Pakistan, India, Bangladesh and Pakistan. The number in this number was between 1 crore to 3 crore. The huge costs related to the incidents and the debt arising from them unevenly affect the developing countries and the weak population.

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