As if telling the future in advance, the World Bank Group (WBG) issued a well-written and chilling paper on the effects of climate based natural disasters and the developing world in early November. And then a few days later, as if on cue, Super Typhoon Haiyan struck the Philippines with devastating results. The WBG paper discusses how weather-related events hurt rich and poor countries alike by stopping economic growth and crippling markets. The more vulnerable and less prepared nations, communities and households are, the more they and we suffer.
As the global climate continues to change, developing countries face mounting losses from severe floods, droughts and storms. By 2030, there could be 325 million people trapped in poverty and vulnerable to weather-related events in sub-Saharan Africa and South Asia. Large coastal cities, many of them in growing, middle-income nations, could face combined annual losses of US$1 trillion from such events by mid-century.
Download this report to learn more about the forecast and suggestions on Climate and Disaster Resilient Development.