The hidden $1 trillion disaster cost we can prevent.
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Every year, disasters cost more than we think. When we include damage to ecosystems, health impacts, and economic disruption, the global bill exceeds $1 trillion annually — and the hardest-hit communities are often the least equipped to recover. The truth is: most of these losses can be prevented. In this video, experts from around the world reveal: The three harmful cycles driving disaster losses How hidden financial risks threaten businesses and economies Why traditional insurance is failing in a changing climate The need for disaster risk financing strategies that protect people, nature, and economies. Together, we can break the cycle by integrating risk reduction, risk transfer, and risk management into all decision-making — for a more resilient future
GLOBAL WORKSHOP ON INCREASING CLIMATE RESILIENCE WITH FOCUS ON FLOODS AND HEALTH ON THE TRANS-BOUNDARY AND NATIONAL LEVELS 19-20 March 2025 15:00 – 16:15 | Session 6: Financing flood management in transboundary basins. Moderator: Ms. Fleur Verhoef, Ministry of Infrastructure and Water Management, the Netherlands Interventions from funding institutions: Mr. Bruno Alves, Ministry of the Environment, Climate and Biodiversity, Luxembourg – Luxembourg's current and planned initiatives to support climate change adaptation incl. reducing flood risk and associated health impacts in transboundary basins Mr. Yerbolat Pernekhan, Ministry of Water Resources and Irrigation, Kazakhstan –Transboundary cooperation in flood management and its financings Ms. Christina Leb, World Bank – Financing Flood Risk Management in Transboundary Basins Questions and answers 16:15 – 16:45 | Reporting from group work Moderator: Ms. Fleur Verhoef, Ministry of Infrastructure and Water Management, the Netherlands O...
In the 10 years since the adoption of the Sendai Framework for Disaster Risk Reduction, countries have made significant strides in building their resilience. The number of countries with national Disaster Risk Reduction strategies has doubled, as has the number of countries with reported early warning systems. The result is that more lives are being saved, with disaster mortality cut by half over the past decade. We should all be proud of this progress. However, we can't afford to be complacent. While fewer people are dying, more people than ever are being affected by disasters, and the economic cost of disasters is breaking new records. The Global Assessment Report on Disaster Risk Reduction 2025 estimates that the true cost of disasters is 11 times higher than the direct economic costs, standing at an estimated $2.3 trillion a year. To reverse these trends, countries must accelerate the full implementation of the Sendai Framework in the remaining five years. This requires priori...
GLOBAL WORKSHOP ON INCREASING CLIMATE RESILIENCE WITH FOCUS ON FLOODS AND HEALTH ON THE TRANS-BOUNDARY AND NATIONAL LEVELS 19-20 March 2025. 15:00 – 15:45 | Session 2: Monitoring, data exchange, and early warning systems for flood management at national and transboundary level (continuation) Moderator: Mr. Christophe Brachet, International Network of Basin Organizations Case-studies from countries and basins (continuation): Comments and answers Mr. Ramesh Tripathi, WMO: Presentation of the outline and suggestions for the Guidelines on Transboundary Flood Risk ManagementDiscussion with audience 15:45 – 17:30 | Session 3: Impacts of floods on water supply and sanitation and response, including health perspective Moderator: Ms. Valentina Fuscoletti, National Institute of Health, Italy Case studies from countries: Ms. Paola Angelini, Public Health Department of Emilia-Romagna Region - Inter-institutional multidisciplinary approach with health advocacy in managing unprecedented extreme flo...
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