Climate change: The world isn’t spending enough to prevent disasters, UN says


Source: scmp.com scmp.com

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Nations are spending too little to prevent disasters in the face of rising global calamities from the floods in South Africa to a record-breaking heatwave in India. Of the US$133 billion in available disaster-related financing in 2010 to 2019, only 4 per cent went to reducing risks with the rest being spent on more costly post-calamity responses, Mami Mizutori, head of the United Nations Office for Disaster Risk Reduction, said. “This is the new landscape of disaster risk,” Mizutori said ahead of a global forum on disaster risk reduction in Bali. “We are living in a multi-hazard world with compounding...