Official: Disaster cost quadrupled in past decades

Source(s): Washington Post, the

Kristalina Georgieva, European Commissioner for humanitarian aid and crisis response, told a conference on disaster risk reduction and management of the Asia-Europe Meeting that costs related to natural disasters have increased from $50 billion a year in the 1980s to $200 billion in the last decade. In three of the last four years, costs exceeded $200 billion, reports the Washington Post...

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