U.N. and World Bank Report Says Act Now or Pay Much More Later for Climate Disasters – NYTimes.com

Posted by erauch, November 12, 2010

Annual monetary losses for natural disasters are expected to rise to $185 billion worldwide by the end of the century, even without factoring in the anticipated negative impacts of climate change, a new joint U.N. and World Bank study concludes.

With climate change included, the global annual losses could increase by anywhere from $28 billion to $68 billion. But governments can drastically reduce these losses and rising mortality rates by implementing preventive systems and infrastructure changes that are much cheaper and simpler than the post-disaster cleanup that has been drawing so much public funds recently.

via http://www.nytimes.com/cwire/2010/11/11/11climatewire-un-and-world-bank-report-says-act-now-or-pay-67256.html?pagewanted=1&ref=earth