x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Six dead, 20 injured as bus falls into canal in Hooghly in West Bengal | Soldier commits suicide in Samba | Jammu University declares BE 4th semester result 2018: Know how to check here | J&K urban local body polls: Voting underway, mobile internet services suspended | 2 CRPF Injured After Militants Attacked Security Force Camp in Pulwama | J&K Sports Council lied in RTI reply | Rs 62000/- demanded as Xerox fee by BDO to dissuade appellant: SIC | BJP leader castigates state govt for killing of scholar turned militant Manan Wani | 3 days on, Kishtwar police yet to register FIR in rape case | RSS leader visits Jammu, takes feedback of prevailing situation | Detached after 10 yrs, Kishtwar teachers fail to handover record | Congress unhappy over PM Modi's J&K policy | Mr Dulat, problem in Kashmir is not political | AMU Row: UP Govt refuses to budge | Expert carpet weaver from Budgam designs new loom | Mehbooba Mufti was architect, beneficiary of 'relentless violence in Kashmir': Omar Abdullah | Ahead of winter power curtailments starts in valley | Erring shopkeepers responsible for littering fined in Kishtwar | The day JK will trifurcate, it will be disaster: Guv Malik | Former President Abdul Kalam remembered | Will a new era commence? | Court directs to provide facilities to jail inmates | Security forces launch search operations in Kulgam village | Nagraad Adbi Sangam organizes Mushaira | Advisors, CS review status of Srinagar-Jammu National Highway | Rains in plains, Snow in higher reaches likely during next two days: MeT | PDP unwilling for alliance with NC | Governor meets several delegations | Cleanliness drive yet to reach Govt school Parkhwal, Marheen | IAS/KAS officers transferred | Ganai reviews functioning of Agriculture, Horticulture Departments | Progress of work on AIIMS, Medical colleges reviewed | PHE daily wagers stage protest, threaten to suspend water supply | Randhawa honours JKSSLA players | JK Tenshinkan Karate Do Team shines SUKAI CUP | Suspected militants snatch rifles from cops guarding ex-police officer's house | Stephens International Public School organizes Hindi Debate competition | Global Handwashing Day Celebrated | Nari Niketan Mendhar lacks basic amenities, inmates upset | DPS students won several medals in Rifle shooting championship | SMVDU faculty attends IISER workshop | JP World School felicitates Rajiv Kalotra | GHSS Katra organizes cultural programme | JKSSB issues provisional shortlist for Assistant Storekeeper-cum-Clerk posts | Govt offices, schools remain closed in Surankote Subdivsion | DGP Dilbag Singh congratulates promoted personnel | Soldier shoots self mysteriously | HC stays order of repatriation of three docs | Qazi Yasir, Hurriyat leader booked under PSA, shifted to Jammu jail | GDC Thannamandi World Students Day | No road, no vote' campaign started in Doda district | BAPWF organizes rally in favour of demands | 36 of 132 wards to go to polls in final phase | PHE daily wagers stage protest | Mushroom growth of illegal brick kilns, stone crushers causing serious bio hazards: Harsh | 3 inter-state drug peddlers held with 126 Kg poppy straw | Oil tanker drivers protest outside Depots | Governor's Secretariat to close in Srinagar on Oct 26 | Mass protest of FMHWWA enters 50th Day | SFC employees observe token strike | SWD provides monthly pension to 10 non-pensioner widows of soldiers | 300 kgs of poppy straw recovered | Workshop on learning in science organized | 14 bovines rescued, 2 smugglers held | Drug peddler held | KVKs celebrate Women Farmers day | Ramisht college organizes sanitation drive | ABVP announces CUJ unit | SHRC sub-office opened in Rajouri | LPG bottling plant in Leh upgraded | PDP's newly nominated office bearers to act as torch bearers: Waffa | NMC president urges to follow teachings of Ramayana | Adbi Kunj organizes weekly literally meet | Amarnath pilgrims deserve life insurance cover | Indian Army’s Heroes | Empowering Women Farmers for Second Green Revolution | 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