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>> UNITED NATIONS Latest News

JUN 05, 2014 - Huffington Post

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Natural Disaster Costs Have Quadrupled In Past 3 Decades, European Official Says

MANILA, Philippines (AP) — The average annual cost of natural disasters has quadrupled over the last three decades and it makes economic sense to boost spending on preparedness to ensure a stable future, a senior European official said Thursday. Kristalina Georgieva, European Commissioner for humanitarian aid and crisis response, told a conference on disaster risk reduction and management of the Asia-Europe Meeting that costs related to natural disasters have increased from $50 billion a year in the 1980s to $200 billion in the last decade. In three of the last four years, costs exceeded ... Read More

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