WION Climate Disasters Cost World $800 Billion a Year, Infrastructure Damage Soars: CDRI Warns | WION

The world is losing around $800 billion every year in damaged infrastructure from disasters such as earthquakes and cyclones, with climate-related events accounting for 70% of the destruction, according to the Coalition for Disaster Resilient Infrastructure (CDRI).

Amit Prothi, Director General of CDRI, speaking to Sidhant Sibal at WION podcast, said, “In a given year, we are already losing about $800 billions of infrastructure and buildings because of all the disasters, including earthquakes, cyclones. Out of that $800 billion, 70% is related to climate-related issues.”

He added that the wider economic fallout is far greater. “The cost of one rupee damage to your road has a seven times multiplier on the economy,” Mr Prothi said, warning that the true annual impact could run into several trillion dollars when lost trade, jobs and access to food and markets are included. CDRI, launched by Indian Prime Minister Narendra Modi at the United Nations in 2019, has grown rapidly from around 20 members to 64 countries and organizations.

#india #climate #wion

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