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  • The global battle to reduce the impact of disasters
    The global battle to reduce the impact of disasters

    The importance of raising public awareness about disaster risk has been highlighted in tragic fashion by the latest earthquake and tsunami to strike Indonesia.

    The huge death toll follows the loss of some 600 lives in the August earthquakes on Lombok, a popular destination for many Australian tourists.

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  • Global Risk Financing Facility
    Global Risk Financing Facility

    The governments of Germany and the UK, with support from the World Bank, are establishing a new Global Risk Financing Facility (GRiF) to pilot and scale up support to strengthen the resilience of vulnerable countries to climate and disaster shocks.

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  • UN 20-year review: earthquakes and tsunamis kill more people while climate change is driving up economic losses
    UN 20-year review: earthquakes and tsunamis kill more people while climate change is driving up economic losses

    GENEVA, 10 October 2018 – The last twenty years have seen a dramatic rise of 151% in direct economic losses from climate-related disasters, according to a report released today by the UN Office for Disaster Risk Reduction in advance of International Day for Disaster Reduction on October 13.

    In the period 1998-2017, disaster-hit countries reported direct economic losses of US$2,908 billion of which climate-related disasters accounted for US$2,245 billion or 77% of the total.

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  • Financing risk in Eurasia: Community, country and region
    Financing risk in Eurasia: Community, country and region

    Risk is part and parcel of development, entwined with development and inseparable from that development. Increasingly it is recognized that an understanding and management of risk is what makes development truly sustainable.

  • Climate risk insurance: Germany supports new initiative
    Climate risk insurance: Germany supports new initiative

    ROME – The United Nations World Food Programme (WFP) has signed its first climate risk insurance policy with the Africa Union’s African Risk Capacity (ARC). The policy is called ARC Replica, a new type of cover offered by ARC which has been providing extreme weather insurance since 2014.

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