x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   In-flight voice calling, internet access on phone will soon be possible as govt notifies rules | PV Sindhu scripts history, clinches maiden BWF Tour Finals title | Srinagar records season's coldest night, Dal Lake partially freezes | In a first, PM Modi visits Gandhi bastion Raebareli on Sunday, inaugurate projects worth Rs 1,100 crore | Country not ready to see women in body bags: Army chief on difficulties of putting women in combat role | US man angered as Indian-origin woman takes selfies with friend; assaults her on subway | After losing power Mehbooba projects PM Modi as 'villain' | 'In Mehbooba's rule PDP leaders enjoyed impunity' | Hails Kashmiris for participation in elections; Jammu, Ladakh find no mention | Terror recruitment case: Geelani's former aide nabbed | Govt employee allegedly pursuing IMBA | A group within BJP trying to sabotage RSS's Dharam Sabha | Despite getting Raj Bhawan attention, former CMs train guns on Governor | Politically affluent Govt officials immune to transfers for years | Whistleblower RDD Engineer thrashed by colleague | BJP's efforts failed as Lok Sabha Speaker accepts Chhewang's resignation as MP | Chidambaram wants implementation of interlocutors’ report on J&K | Interference by locals in anti-militancy operations takes a toll on security forces | Omar, Mehbooba have no mandate to speak for whole J&K | Lal Singh's cold-shoulder response to BJP's bid to placate him | JK set to miss opportunity to make its twin capitals 'Smart' | Victory in 3 states revitalizes Congress in J&K | Over 70 percent Govt. schools without electricity | Congress' Chidambaram wants implementation of interlocutors' report on J&K | Sports event organized in Govt Boys Middle School Gorakh Nagar | SKPA holds 5 day Annual Sports Meet | District Wushu Championship postponed | Mount Litera Zee School organizes awareness rally | Shiksha Niketan organizes Science exhibition | Heaven Angel's Playway School celebrates Annual Sports Day | Relief material distributed | Humanity Public School celebrates Annual Day | No room available for students, official documents kept at cook's residence | NH connecting Ladakh with Kashmir remains shut | Traffic resumes on Jammu-Srinagar NH after clearance of landslide | In Srinagar male mortality ratio is double than females | SAC approves establishment of first ever University in Ladakh | Guv-led SAC approves Rs 88 911 cr state budget for FY'20 | DB grants last opportunity to comply with directions | Balakote sans communication facility | Non availability of anesthetist continues to hamper functioning of DH Kishtwar | Seven civilians killed as protesters clash with police, security forces in different areas | Irrigation Deptt overlooks Nandpur areas, only canal lying dry since decade | VHP express concern over non-construction of Ram temple | Mahila Panthers seek 33% reservation in Assembly elections | FRAI extends support to CAIT 'Rath Yatra' | GREF uses substandard materials in improving drainage | Old woman killed in road mishap | Five years on, Drungli nallah bridge awaits restoration | Reasi dist admin on alert after 'unknown' disease kills two minor sisters | Govt enacts J&K Maintenance of Parents & Senior Citizen Act | EJAC (R) highlights employees' problems, demands early redressal | PDP holds protest against Bajrang Dal | GCPF holds meet, discusses issues | Give ownership rights to local allottee, refugees staying on Custodian properties: Manjit | Indo-Pakistan War 1971: The new generation must derive motivation from historical narratives | Challenges of the retirees | Civil Defence organizes one day awareness programme | DIET Jammu organizes one day science exhibition | Dogra Front & Shiv Sena takes out protest rally | SSB Swachhta pakhwada concludes | Seminar on communal harmony, national integration held | Advanced laparoscopic surgeries at SSH | Grameen Bank organises going digital financial literacy | Vishwa Bharati school celebrates generations' day | LWWS stages street play | Chinar school celebrates annual day | NYK Kathua organizes awareness programme | Shiv Sena leaders meet Dr Karan Singh; discuss various issues | Landmark legislations by SAC widely welcomed | Back Issues  
 
news details
India lost whopping $79.5 billion from climate-related disasters in 20 years: UN
10/11/2018 11:13:25 AM

United Nations: India suffered a whopping USD 79.5 billion economic loss due to climate-related disasters in the last 20 years, according to a UN report which highlights the impact of extreme weather events on the global economy.

The report titled 'Economic Losses, Poverty and Disasters 1998-2017' was compiled by the UN Office for Disaster Risk Reduction. It states that the years between 1998 to 2017 have seen a dramatic rise of 151 per cent in direct economic losses from climate-related disasters.

In terms of the impact of disasters on the global economy between 1998 and 2017, affected countries reported direct losses of USD 2.908 trillion, more than twice of what was lost in the previous two decades.


Illustrating the growing threat from climate change, extreme weather events now account for 77 per cent of total economic losses of USD 2.245 trillion, said the report released on Wednesday.
This represents a "dramatic rise" of 151 per cent compared with losses reported between 1978 and 1997, which amounted to USD 895 billion.

The greatest economic losses have been experienced by the US at USD 944.8 billion, followed by China at USD 492.2 billion, Japan at USD 376.3 billion, India at USD 79.5 billion and Puerto Rico at USD 71.7 billion.

Storms, floods and earthquakes place three European countries in the top ten nations for economic losses: France, USD 48.3 billion; Germany, USD 57.9 billion and Italy USD 56.6 billion. Thailand with USD 52.4 billion and Mexico at USD 46.5 billion complete the list.

In terms of occurrences, climate-related disasters also dominate the picture, accounting for 91 per cent of all 7,255 major recorded events between 1998 and 2017.

Floods (43.4 per cent) and storms (28.2 per cent) are the two most frequently occurring disasters.

During this period, 1.3 million people lost their lives and 4.4 billion people were injured, rendered homeless, displaced or in need of emergency assistance.

563 earthquakes, including related tsunamis, accounted for 56 per cent of the total deaths or 747,234 lives lost, the report said.

The report was released ahead of the International Day for Disaster Reduction on October 13.

In his message for the day, UN Secretary-General Antonio Guterres said in the wake of the devastating earthquake and tsunami in Indonesia, it was clear that disasters have a steep human cost as millions of people are displaced every year, losing their homes and jobs because of extreme weather events and earthquakes.

"A better understanding of the economic losses from extreme weather events can help to generate greater action on climate change and increased ambition on reducing greenhouse-gas emissions.

"Measuring economic losses can also motivate Governments to do more to achieve the targets of the Sendai Framework for Disaster Risk Reduction, which seeks a substantial reduction in disaster losses by 2030," he said.

Guterres said that reducing the economic losses from disasters has the power to transform lives and contribute greatly to the eradication of poverty.

A key target of the global plan to reduce disaster losses, the Sendai Framework for Disaster Risk Reduction, is to reduce economic losses from disasters and the report highlights the fact that 63 per cent of disaster reports contain no economic data.

Another key highlight is the disproportionate impact of disaster events on low and middle-income countries even if high-income countries bear the brunt of absolute economic losses.

Only one high-income territory ranked among the "top ten" in terms of annual average percentage losses relative to GDP - Puerto Rico with 12.2 per cent.

UN Secretary-General's Special Representative for Disaster Reduction Mami Mizutori said much needed to be done to address the high number of deaths in seismic zones.

"The death and suffering caused by this month's earthquake and tsunami in Indonesia brings home the need to raise public awareness and to apply high standards for construction in seismic zones.

"The report's analysis makes it clear that economic losses from extreme weather events are unsustainable and a major brake on eradicating poverty in hazard exposed parts of the world," Mizutori said.

Mizutori said there was a need to do a much better job of capturing economic loss data if nations are to have a fuller understanding of what works when it comes to reducing economic losses, saving lives and livelihoods, and managing disaster risk.

While high-income countries recorded losses for 53 per cent of reported disasters between 1998 and 2017, low-income countries only recorded them for 13 per cent of disasters.

The report concludes that climate change is increasing the frequency and severity of extreme weather events.

It said disasters will continue to be major impediments to sustainable development so long as the economic incentives to build and develop hazard-prone locations outweigh the perceived disaster risks.

"Integrating disaster risk reduction into investment decisions is the most cost-effective way to reduce these risks; investing in disaster risk reduction is therefore a pre-condition for developing sustainable in a changing climate," the report states.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU