Reducing the Risk of Weather Extremes

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Reducing the Risk of Weather Extremes

01/05/2015 - 19:00

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01/05/2015 - 19:00

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From 1970 to 2012, communities around the world suffered more than 8,800 hydrometeorological (hydromet) disasters, resulting in 1.94 million deaths and $2.4 trillion in economic losses. The frequency of these disasters, along with associated damages, has increased nearly five-fold in the same time period, with recent years seeing some of the most powerful and destructive hydromet events on record, from Hurricane Sandy in the United States to Typhoon Yolanda in the Philippines.

With climate change threatening to exacerbate these losses even further, understanding how and when these events form is vital to curb their growing impacts. In response, France, GFDRR, and the World Bank are partnering on a new initiative called Climate Risk and Early Warning Systems (CREWS), which seeks to mobilize more than $100 million by 2020. The program aims to fill in the gaps around the globe for hydromet services, and bring existing systems to scale – especially in the least developed countries and small island states, where the risk and impact on the poor is highest.
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