Investing in resilience: Ensuring a disaster-resistant future

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Posted on: 8 February 2013
By: mackene
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Filed under: News

A new report published by the Asian Development Bank (ADB) says that human and financial losses from natural disasters in Asia and the Pacific continue to grow. Yet, reducing such losses is possible through investments in risk assessment, risk reduction and residual risk management. The appropriate use of existing instruments and mechanisms in the legislative, regulatory, policy, planning, institutional, financial, and capacity-building arenas can increase resilience. Moreover, there is increasing awareness from decision makers of the need to build partnerships with all levels of society along with close cooperation with the international community. Disaster resilience is increasingly viewed as a critical component of efforts to achieve sustainable socioeconomic development and poverty reduction. In the context of increasing exposure and vulnerability to meteorological, hydrological and climate-related hazards associated with a changing climate, climate change adaptation also need to be combined with actions to strengthen disaster resilience under a single framework. This report contains an extensive bibliography.

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