Reducing economic loss is the topic explored this year by the International Day for Disaster Risk Reduction, to be marked on 13 October, and outlined Target c of the Sendai Framework – the global roadmap for disaster risk reduction.

Unplanned urbanization, non-resilient infrastructure and poor land management are all drivers of risk when it comes to natural disasters, and according to OECD, a global annual investment of $6.3 trillion is necessary up until 2030 in order to mitigate these risks.

And with such great investment, the risk is also potentially huge. As Michael Kwok, Chairman, East Asia Region, Arup, Hong Kong SAR, China, put it, “The risk of not having resilience built into urban infrastructure is so big.”

Date:

20 Sep 2018

Sources:

United Nations Office for Disaster Risk Reduction (UNISDR)

Themes:

Advocacy & Media, Private Sector, Economics of DRR

Regions:

Asia