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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a4c5418bc5d3
DTSTART:20181015T070000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20181015T150000Z
LOCATION:Geneva\, Switzerland
SUMMARY:Interactive discussion: Reducing Economic Losses Caused by Disaster
 s
CLASS:PUBLIC
DESCRIPTION:\n\n \n\nPART 1\n\n\nPART 2\n\n\n\n \nAs natural hazards spir
 al in frequency and severity around the globe\, they are triggering a resu
 ltant rise in human and economic impacts that bodes ill for future develop
 ment and threatens the gains already made.\n\n\n\n\nIn 2016 alone\, weathe
 r-related disasters are estimated to have displaced 23.5 million people. F
 ollowing 2017\, one of the warmest years on record\, which saw the costlie
 st hurricane season contributing to the highest documented economic losses
  ever due to weather and climate events – a staggering $320 billion – 
 the summer of 2018 was also marked by extreme weather\, including record t
 emperatures\, heatwaves\, droughts\, wildfires and devastating rain.\n\nRe
 cent disasters put renewed focus on the potential impacts that weather and
  climate-related extreme events may have on overall development. The World
  Bank estimates that\, globally\, disasters caused by natural hazards cost
  an annual $520 billion in consumption loss – human and economic losses.
  That’s 60 percent larger than the asset losses that are commonly report
 ed.\n\nFor the business world\, disasters matter for a string of reasons. 
 They destroy and damage assets\, means of production and infrastructure bu
 t also weaken a company’s financial situation through unexpected spendin
 g\, loss of revenue\, or commodity price fluctuations. Key disaster impact
 s include loss of production facilities\, disrupted business\, broken supp
 ly chains\, transport links and other networks\, shortage of transport fue
 l and energy supply\, constraints on workforce availability\, material dis
 ruption due to lack of access to supplies or distribution center facilitie
 s\, and loss of the consumer base. In the case of mega-disasters\, disrupt
 ion and damage have led to relocation and displacement and cascading unemp
 loyment\, post-disaster. Disasters\, whether caused by natural or human-in
 duced hazards\, thereby become increasingly complex\, with a cascade of ev
 ents well beyond the epicenter raising the risks for the world’s economi
 c systems and financial and political stability.\n\nThe event – co-organ
 ized by UNCTAD\, UNISDR and ITC - is part of the celebrations of the Inter
 national Day for Disaster Reduction (IDDR)\, which is marked across the gl
 obe every year. Since 2016\, IDDR has focused on the seven targets of the 
 Sendai Framework for Disaster Risk Reduction\, a 15-year international agr
 eement adopted in 2015. This year\, IDDR centers on the third target of th
 e Sendai Framework: ‘The substantial reduction of economic losses caused
  by disasters’. The event aims to raise awareness of the need to substan
 tially reduce the economic losses caused by disasters. It will spotlight o
 ngoing efforts to integrate disaster and climate risks into development\, 
 trade and financial systems.\n\nTarget audience:\n\n\n\nGovernment represe
 ntatives / Geneva based Permanent Missions responsible for Trade and Devel
 opment.\n\n\nRepresentatives of the private sector\, including the finance
  and insurance industries.\n\n\nUN agencies and civil society working on d
 evelopment\, trade\, climate and sustainable financing.\n\n\n\nThe event w
 ill be followed by a reception.\n\n\nhttps://www.unisdr.org/we/coordinate/
 sendai-framework\n\nView meeting on unctad.org\nhttps://unctad.org/meeting
 /interactive-discussion-reducing-economic-losses-caused-disasters
DTSTAMP:20260707T011920Z
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