Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

World Bank Group : Improved Weather and Climate Forecasting Saves Lives, Builds Climate Resilience

11/27/2013 | 06:57am US/Eastern

GENEVA, Switzerland, November 27, 2013 - Countries need to invest in well-equipped and fully staffed meteorological and hydrological agencies in order to better prepare for natural hazards, which could save an average of 23,000 lives a year and provide up to $30 billion a year in economic benefits, according to a new World Bank Group report.

"There is a lot we can - and must - do to reduce the impact of disasters," said Rachel Kyte, the World Bank's Vice President for Sustainable Development. "We know, for example, that every dollar we spend on early warning saves up to $35 in disaster response.  As the intensity and frequency of extreme weather increase as a result of climate change, we have to shift our focus to prevention and preparedness."

Weather and Climate Resilience: Effective Preparedness through National Meteorological and Hydrological Services urges countries to modernize their national meteorological and hydrological agencies, also known as NMHSs, so that they can strengthen their capacity to provide early warnings of extreme events such as tropical storms, floods and droughts. The report was jointly launched by the Global Facility for Disaster Reduction and Recovery (GFDRR)-a World Bank-managed multi-partner initiative-and the World Meteorological Organization (WMO).

"Weather hazards, already a present reality, are likely to become more extreme as a consequence of a rapidly warming planet. Investment in strengthening national meteorological and hydrological agencies is therefore urgently needed to reduce the impact of weather-related disasters," said Francis Ghesquiere, Head, GFDRR Secretariat and Manager, Disaster Risk Management Practice, World Bank. "Although costs for modernizing and sustaining these services are not negligible, it's well worth the investment in terms of lives saves and economic losses averted."

Weather and Climate Resilience highlights recent World Bank Group experience and offers guidance on good practices to help modernization efforts. The synthesis of the experiences of the World Bank, GFDRR, WMO, and other development partners will increase awareness of the role of WMO and NMHSs in improving national economic performance and supporting sustainable development.

"In many areas of the world, National Meteorological and Hydrological Services lack the necessary capacity and resources, and sometimes even the political recognition, they need to deliver on their critical tasks of protecting lives and livelihoods. Our global system for monitoring weather and climate is suffering as a result," saidMichel Jarraud, World Meteorological Organization Secretary-General. "Far too many lives were lost because of Typhoon Haiyan (Yolanda). But without the regular and accurate warnings issued by meteorological services in the Philippines and Viet Nam, the death toll would have been even higher," he said.

Coordinated by WMO, NMHSs form a global network that shares weather and climate observations and forecasts that are vital for identifying and forecasting hazardous events. These national institutions are the backbone of government efforts to build national climate resilience. They work in close collaboration with disaster management and health agencies, the media, and economic sectors.

"The report is the clear demonstration of the importance of partnerships for delivering weather and climate services: increasing investments in modernizing hydro-meteorological services will have a significant return on our ability to address the risks and opportunities of climate change," said Anton Eliassen, Chair, Intergovernmental Board of the Global Framework for Climate Services.

The World Bank, GFDRR, WMO and other partners will continue working together to strengthen national capacities to develop and exchange reliable, timely and accurate hydro-meteorological forecasts of severe weather events and climate variability. Such information is critical for disaster risk management, climate adaptation and sustainable economic development.

distributed by
React to this article
Latest news
Date Title
11:34a Fitch to Rate Cabela's Credit Card Master Note Trust 2015-I; Presale Issued
11:34a Core Models Continue to Perform for Honda Canada
11:33a BREVILLE : ground control
11:33a SPROUTS FARMERS MARKET : more medleys!
11:33a MOSMAN OIL AND GAS : Tells MEO Shareholders: Accept Offer Or "Risk Suffering Losses"
11:32a NEHA : Eh calendar
11:32a RESEARCH AND MARKETS : Global and Chinese Potassium Nitrate Industry Report 2014-2019
11:32a RYANAIR : €850m Euro Bond Issue Announced At 1.125% Fixed For 8 Years
11:32a U S CHAMBER OF COMMERCE : Warren Buffett Endorses Keystone XL, While President Gets Called Out for Fibbing
11:32a DAXOR : Announces Filing of Form N-CSR for December 31, 2014
Latest news
Advertisement
Hot News 
ISG : Shares Hit As It Swings To Loss, Launches Discounted Placing (ALLISS)
GLOBAL BIOENERGIES : reports first isobutene production from waste biomass
CUMULUS MEDIA : posts 4Q profit
MCCOLL RETAIL : Posts Higher Annual Profit But First-Quarter Of New Year Weak
FILTRONIC : CFO Replaces CEO As Full Year Revenue Outlook Worsens
Most Read News
03/02 OPOWER : reports 4Q loss
08:41a Trading cushions Glencore from commodity price plunge
03:01a WARP 9 : Specialty Art Seller Selects Warp 9 for Magento E-Commerce Development
03/02 ROYAL DUTCH SHELL A : Energy debate shapes economy, environment
10:41a Barclays will cut investment bank again if performance doesn't improve
Most recommended articles
11:29aDJBOND REPORT : Treasury Yields Rise As Investors Buy Corporate Debt
11:28a Greece taps public sector cash to help cover March needs - sources
11:28aDJJ.P. Morgan, Justice Department Reach $50 Million 'Robosigning' Settlement
11:25a European Banking Authority will not run stress tests in 2015
11:23a U.S. CEOS MODESTLY MORE UPBEAT ON ECONOMY, SPENDING : survey
Dynamic quotes  
ON
| OFF