Indirect Disaster Effects Cost the World Nearly $2 Trillion per Year, Guterres Says on International Day

Indirect disaster effects cost the world nearly $2 trillion per year, says UN Secretary-General on International Day

Most of the exorbitant costs of disaster are preventable with proper funding and planning —one of the main messages for this year’s International Day for Disaster Risk Reduction, themed Fund Resilience, Not Disasters, observed on Monday. “Every dollar invested in resilience saves many more in avoided losses and protects the dignity of those most at […]

Indirect disaster effects cost the world nearly $2 trillion per year, Guterres says on International Day

From 1970 until 2000, the costs of disaster averaged $70-$80 billion. Those mainly preventable costs doubled this century to average $180-$200 billion annually, according to a recent report published by the UN Office for Disaster Risk Reduction (UNDRR).

Cape Town Marks International Day for Disaster Risk Reduction, Calls for Stronger Coastal Resilience

Cape Town celebrated International Day for Disaster Risk Reduction (IDDRR) in 2025 and emphasised on building resilience against potential disasters. Resilience, especially the coastal resilience was the focus of the G20 Disaster Working Group gathering in Cape Town over the past few days.  The International Day for Disaster Risk Reduction is observed on October 13, 2025. The theme for year 2025 is ‘fund resilience, not disasters’. It highlights…