Countries need to invest in well-equipped and fully staffed meteorological and hydrological agencies in order to better prepare for natural hazards, which could save an average of 23,000 lives a year and provide up to $30 billion a year in economic benefits, according to a new World Bank Group report.
“There is a lot we can – and must - do to reduce the impact of disasters,” said Rachel Kyte, the World Bank’s Vice President for Sustainable Development. “We know, for example, that every dollar we spend on early warning saves up to $35 in disaster response. As the intensity and frequency of extreme weather increase as a result of climate change, we have to shift our focus to prevention and preparedness.”
Weather and Climate Resilience: Effective Preparedness through National Meteorological and Hydrological Services urges countries to modernize their national meteorological and hydrological agencies, also known as NMHSs, so that they can strengthen their capacity to provide early warnings of extreme events such as tropical storms, floods and droughts. The report was jointly launched by the Global Facility for Disaster Reduction and Recovery (GFDRR)—a World Bank-managed multi-partner initiative—and the World Meteorological Organization (WMO). >> More