A report from a division of the World Bank that concentrates on disaster mitigation has said that 1.3 billion people and more than double the 2050 output of the global economy ($158tn) will be at risk by annual unless action is taken to protect against climate change-related disasters. The Global Facility for Disaster Reduction and Recovery warned that global warming, population growth and overcrowded slums could combine to cause devastating damages. The report identifies three factors that influence disaster risk: hazard, which relates to the frequency of dangerous natural events; exposure, or the population and assets concentrated in hazard-prone locations; and vulnerability, or susceptibility of exposed factors to hazards. Climate change is increasing hazard, exposure is growing through population density in hazardous locations and vulnerability is increasing through poor housing.
A report from a division of the World Bank that concentrates on disaster mitigation has said that 1.3 billion people and more than double the annual output of the global economy ($158tn) will be at risk by 2050 unless action is taken to protect against climate change-related disasters. The Global Facility for Disaster Reduction and Recovery warned that global warming, population growth and overcrowded slums could combine to cause devastating damages. The report identifies three factors that influence disaster risk: hazard, which relates to the frequency of dangerous natural events; exposure, or the population and assets concentrated in hazard-prone locations; and vulnerability, or susceptibility of exposed factors to hazards. Climate change is increasing hazard, exposure is growing through population density in hazardous locations and vulnerability is increasing through poor housing.