Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/27/2013 | 12:57pm CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
08:14p GUIDANCE : Recognized as One of the Best in Silicon Beach
08:12p JACKPOT DIGITAL : IIROC Trading Halt - JP.RT
08:12p BRIDGESTONE : To Snow Tire, Or Not To Snow Tire?
08:12p CARBON TRUST : launches tenders for floating wind studies
08:12p EMBASSY OF CANADA IN FRANCE : Partnerships to Help Create and Grow Indigenous Businesses
08:12p Jimmy's Egg® Set To Crack Its First Egg In Pittsburg, KS
08:12p UNITY TECHNOLOGIES : Hires Natalya Tatarchuk as Graphics Director
08:12p Oil edges up on weak U.S. dollar, Saudi OPEC compliance talk
08:11p Oil edges up on weak U.S. dollar, Saudi OPEC compliance talk
08:11pDJROLLS ROYCE : U.K. Court Approves Rolls-Royce Corruption Settlement
Latest news
Advertisement
Hot News 
3.23%REYNOLDS AMERICAN : BAT Agrees to Pay $49 Billion to Take Full Control of Reynolds -- Update
6.93%NOBLE ENERGY : to Buy Oil and Gas Company Clayton Williams -- 2nd Update
-3.83%BRITISH AMERICAN TOBACCO : Agrees to Pay $49 Billion to Take Full Control of Reynolds American
2.26%GEBERIT : boosts 2016 sales 8.3 percent after strong fourth quarter
4.28%European shares steady as banks turns positive after May speech
Most Read News
11:59a BMW, UK car industry say Britain needs to keep tariff-free EU trade
11:18a Trump, Brexit uncertainty hit stocks and dollar, gold jumps
06:59a HSBC : China unveils new plan to further open economy to foreign investment
10:45a TSX barely lower as resource stock gains offset bank, rails
06:29a Japan brewer Asahi says it is open to more M&A after Europe beer deals
Most recommended articles
08:15aDJS&P 500, Nasdaq Futures -- Technical Analysis
02:11pDJROLLS ROYCE : U.K. Court Approves Rolls-Royce Corruption Settlement
02:11pDJBAYER : Will Keep Monsanto Jobs in U.S., Trump Team Says -- Update
01:47pDJCorrection to BP CEO Story on Recent Deals
01:28p BAT agrees to buy Reynolds for $49 billion