‘Indirect disaster effects cost the world nearly $2 trillion per year’
From 1970 until 2000, the costs of disasters averaged $70 to $80 billion. Those mainly preventable costs doubled this century to average $180 to $200 billion annually, according to a recent report published by the UN Office for Disaster Risk Reduction (UNDRR). Most of the exorbitant costs of disaster are preventable with proper funding and planning —one…