Economics of DRR

Caption: ‘Protection Zone’ consisting of concrete walls and demountable flood barriers at the low-lying fishing village of Tai O in Lantau Island, Hong Kong Special Administrative Region, China.
For the urban coastal city of Hong Kong, typhoons are a regular occurrence from May to October. Consequently, Hong Kong’s infrastructure is designed to cope with the strong winds, floods, and storm surges they bring. Recently, however, the territory experienced two powerful storms in consecutive years. In 2017, Super Typhoon Hato struck the region, and in the following year, the city witnessed Super Typhoon Mangkhut, the strongest typhoon since 1983. But Hong Kong suffered lower economic losses from both storms when compared with the neighboring Guangdong region and the city of Macau, thanks partly to its well-coordinated response and resilient infrastructure.
A man uses a modified wheelchair to ride above monsoon floods
With 1 billion, or 15% of the world’s population, experiencing a form of disability, and 80% of whom living in low- and middle-income countries, it is crucial that persons with disabilities be accounted for in disaster risk management activities.
A Bangladeshi man counts money on hand
A quantitative study on anticipatory actions taken in 2020 confirms several positive effects, but also shows some unexpected results.
There have been calls for the world to be better prepared for the next pandemic if and when it comes. Additional financing for preparedness could help expand the support that the World Bank and others provide to countries and regional institutions.
Whilst the tense COP26 climate negotiations closed with a compromise deal only a few weeks ago, the urgent need for action is indisputable. It is, essential for governments and businesses to focus action on reducing emissions.
Construction of a mass train line
Ensuring reliable, sustainable, and resilient critical infrastructure is a core part of national economic security and climate change adaptation and resilience.
The emotional trauma from product shortages early into the pandemic is understandably fresh. Unfortunately, a new bout of surging demand could significantly stress already strained food supply chains due to ongoing global supply chain disruptions.
The 290-page State and Trends in Adaptation in Africa Report 2021 “combines in-depth analyses, case studies, and viewpoints from those on the frontlines of climate change impacts in Africa.
This is the coverpage of the publication.
This report, featuring brand new research from Red Cross and Red Crescent Societies around the world, sheds light on who has been most impacted by the pandemic and how.
Women, people in urban areas and those on the move have been disproportionately and uniquely affected by the devastating socioeconomic impacts of the COVID-19 pandemic.