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India lost $79.5 bn due to natural disasters in 20 years
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SME Times News Bureau | 12 Oct, 2018
India has suffered economic losses of $79.5 billion due to natural disasters during the last two decades, according to the UN.
Between
1998 to 2017, two of the worst years for lower-middle income countries
-- a category that India falls into -- were 2002 when a severe drought
in India affected 300 million people, and 2015 again with a drought
hitting India and other countries, according to the UN Office for
Disaster Risk Reduction report released on Wednesday.
It warned of growing risk from climate change, which would hit developing countries the hardest.
The
last 20 years have seen a dramatic rise of 151 per cent in direct
economic losses from climate-related disasters, the report said.
During that period 77 per cent of the economic losses $2,908 billion were due to climate-related disasters, it said.
"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," said Mami Mizutori,
Secretary-General Antonio Guterres's Special Representative for Disaster
Reduction.
The data for the report was drawn from a database
maintained by the Centre for Research on the Epidemiology of Disasters
(CRED) at the Catholic University of Louvain, Belgium.
The
centre's head, Debarati Guha-Sapir, said: "This report highlights the
protection gap between rich and poor. Those who are suffering the most
from climate change are those who are contributing least to greenhouse
gas emissions."
"The economic losses suffered by low and
lower-middle income countries have drastic consequences for their future
development," Guha-Sapir added.
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