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The destruction wreaked by Typhoon Haiyan in the Philippines this month has renewed debate on a critical financial question: How can nations best prepare for and respond to natural disasters?
The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP) – a World Bank assessment for the Government of Tonga has found. The report was produced with funding from the Global Facility for Disaster Reduction and Recovery (GFDRR).
The governments of Australia, Canada, France, Germany, Luxembourg and The Netherlands have agreed to give more than US$80 million to equip up to 80 countries with better climate risk early warning systems.
Climate change could plunge tens of millions of city dwellers into poverty in the next 15 years, threatening to undo decades of development efforts, the World Bank said on Wednesday. Fast-growing cities particularly in the developing world are ill-prepar
Fiji is set to use 360° Virtual Reality (VR) as a key part of its global push for stronger action on climate change at next month’s COP23 Climate Change conference.
More than 800 experts in disaster risk management from across the world were in London on Monday to take part in the week-long Understanding Risk Forum. The experts come from different backgrounds which include civil society, governments, private companie
Climate change cannot be isolated from other drivers of disaster risk, and needs to be tackled alongside them.
Natural disasters pose the greatest risk to cities in an increasingly urbanised world, and could cost $314bn worldwide each year by 2030, the World Bank has warned. This compared with a $250bn cost today, and came with the risk that 77m more urban residen
At the One Planet Summit, the World Bank Group made a number of new announcements in line with its ongoing support to developing countries for the effective implementation of the Paris Agreement’s goals.
The great disasters of the past – like the eruption of Vesuvius in 79 AD or the hurricane that devastated Santo Domingo in 1930 – can provide valuable lessons to help governments and institutions increase the resilience of communities in the face of modern challenges, such as climate change and rapid urbanization.