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UNDRR report flags low investment in disaster prevention
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IANS | 13 Oct, 2021
On International Day for Disaster Risk Reduction on Wednesday, a latest
report titled 'International Cooperation in Disaster Risk Reduction'
prepared by the UN Office for Disaster Risk Reduction (UNDRR) has found
that for every $100 spent on development aid, only 50 cents are invested
in protecting countries from the impact of disasters.
"Financing
for disaster risk reduction makes up a small fraction of the overall
investments in development aid. $133 billion of disaster-related
Overseas Development Assistance (ODA) has been made available between
2010 and 2019, which is 11 per cent of the overall aid ($1.17
trillion)," the report said, highlighting the low levels of investments
in disaster prevention and disaster risk reduction for the world's most
vulnerable countries.
It throws into stark relief how little
investment there is in disaster risk reduction against a backdrop of
major planetary emergencies, including doubling of major disaster events
over the last 20 years.
Human-induced climate change affects
many weather and climate extremes in every region of the globe, the
recent Intergovernmental Panel on Climate Change (IPCC) report had
flagged, adding that many of the changes in climate observed are
unprecedented in thousands, if not hundreds of thousands of years.
The
cost benefits of investing in prevention and resilience have been
demonstrated time and time again, but for every $100 of disaster related
ODA, only 50 cents are invested in protecting development from the
impact of disasters.
Of this, $5.5 billion was aimed at risk
reduction measures before disasters strike, compared to $119.8 billion
spent on emergency/disaster response and $7.7 billion for
reconstruction, relief and rehabilitation.
"Of the overall
disaster-related ODA between 2010 and 2019, the $5.5 billion spent on
DRR accounts for just 0.5 per cent of the total amount spent on
disaster-related aid," it said.
"This is an indication that we
need to ramp up investment in disaster prevention if we are to cope with
the exponential rise of disaster events in recent decades. Covid-19 has
claimed almost five million lives, causing huge economic disruption.
"The
required level of investment in reducing the risk of a disease outbreak
of this magnitude was not made despite warnings that a pandemic was
inevitable. Extreme weather events are more frequent and international
support to developing countries bearing the brunt of these disasters is
very low," said Ricardo Mena, Director, UNDRR.
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