Dedicate funding for resilience.
For risks that cannot be avoided, dedicating funds to address them is far more cost-effective than bearing the full brunt of disaster losses. World Bank analysis shows that making infrastructure resilient adds just 3% to costs but yields $4 in benefits for every $1 invested.
In Chile, authorities regularly test the resilience of infrastructure across six systems – water, energy, transport, health, education and telecommunications. The results: hospitals keep running during earthquakes, transport corridors stay open during floods, and power grids withstand storms.
In Chile, authorities regularly test the resilience of infrastructure across six systems – water, energy, transport, health, education and telecommunications. The results: hospitals keep running during earthquakes, transport corridors stay open during floods, and power grids withstand storms.
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