Disasters could cost world $421bn by 2030: The increasing frequency and severity of extreme weather events could cost the world $421 billion per year by 2030, the Red Cross warned on Monday.
“Disasters take lives and ruin prospects, often making the situation of already impoverished people even worse,” said European Union Commissioner for International Cooperation, Humanitarian Aid and Crisis Response Kristalina Georgieva in a news release from the Red Cross on Monday.
The warning came as the Red Cross-a global humanitarian aid charity-and the European Commission-the executive body of the European Union-launched a joint communications campaign on the importance of preparing for disasters.
NOTE: Usually I post the URL to the original report, but in this case I cannot find it. The Red Cross is a big organization! If any readers know please comment.