x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   'Blue-eyed' MBBS holders to head nursing schools | 70 yrs on, refugees crave for rights | Tourism Deptt can't absolve itself of deaths during rafting | PUF may upset applecart of Abdullahs | Teacher thrashes, injures 15 students in Doda | Teacher who punished students suspended | After ignoring voters, BJP trying to befool people again | Stray incidents of violence even take place in France, US, England: Governor Malik | 10 security personnel lost their lives in 5 days | Munish thanks people for their love, support | Will distribute my salary among needy' | Remembrance of Pandit Jagar Nath Watal A Freedom Fighter and Humanist | Pandits are a divided lot as far as their return to valley is concerned | Div Com reviews preparations for implementation of 'Back to Village' prog at Kathua | Stephens Institute of Paramedical Sciences organizes blood donation camp | Natrang's 'Bawa Jitto' mesmerizes thousands in Aghar Jitto Mela | Maiden football match played under floodlights at Srinagar's AstroTurf ground | Taekwondo team bags 7 medals in Olympic Ranking championship | Regional Outreach Bureau organizes special yoga camp for ladies | Awareness camp cum training session on Yoga organized | Two govt schools yet to be clubbed in Baramulla | People help police to nab militants | Massive reshuffle in civil, police admin on cards | ACB raids former J&K Bank chairman Parvez Ahmad's properties in Srinagar | Farooq Abdullah calls for examining 'one nation, one poll' idea | Promoted seek help from SPOs to fill challan form | Timber distribution in Budgam: RTI exposes fake beneficiaries | One more leader to join PUF soon | High School Nagbhatna Kuntwara has 3 teachers for 300 students | PDA, MC Pahalgam fail Garbage Treatment Plant; Dump solid waste on river bank | BDO Sunderbani ignores ADC Rajouri's order | Student to cycle from Kashmir to Kanyakumari to highlight country's water woes | Rasikh Salam gets 2-year ban for submitting faulty birth certificate | Targotra Biradari honours meritorious students | Directorate of Industries & Commerce organizes yoga sessions for employees | Wildlife department orgainsed awareness camp at Malla | Migrants land encroached in Khanoo Babagund | Bail denied in rape case | Court rejects bails in hawala case | After brief respite, temperatures rise again in J-K | Electrification, system strengthening, loss reduction works in PDD devolved to PRIs | Justice Rabstan directs speedy disposal of pending cases | Cong, BJP did nothing for Deshmesh Nagar: Locals tell Munish | Shiva Colony craves for development, Swachata Abhiyan | 4 Children, stuck in ropeway trolley, rescued | Govt orders transfers, postings in civil administration | Advisor Skandan reiterates Govt's commitment to strengthen tourism infrastructure | Governing Body reviews functioning of SMVD Narayana Superspeciality Hospital | 3 ALLEN students in top 10 AIR, 38 in top 100 AIR | Mayor lays foundation stone of community toilet at Channi Rama | Power shut down | Traffic Police City seeks applications for hiring of PSVs | Major terror attack foiled as police arrest five HM supporters | Airports Authority of India, Jammu organizes blood donation camp | DSEJ provides Adolescent Education to 40,000 students | 22 year old slip to death while taking selfie in Kishtwar | Mendhar family urges GoI to help bring body of kin who died in Saudi Arabia two months ago | DC Doda approves 143 cases under PMEGP | Deputy Mayor reviews preparations for Amarnath Yatra | Cancer Hospital within GMC Jammu an unwise decision: AAP | Civil Defence organizes awareness camp on disaster management | Man held with pistol in Jammu | AoI alleges departmental harassment of micro-small units, seeks Guv's intervention | Designate PIOs in all business units; RTI Movement appeals Chairman JK Bank | DC Jammu convenes DLSCC meeting | 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