Partial photo: Egor Vikhrey
The federal government spends about $46 billion per year on recovery from disasters–seven times the level of investment in resilience. Last year all 94 major natural catastrophes—severe storms, droughts, wildfires and floods, along with earthquakes—caused insured losses of $74 billion in the U.S. Over the next three decades, climate change could raise our annual losses from hurricanes alone by one-fifth. Redirecting federal money toward resilience rather than simply rebuilding after disasters is essential.
www.nytimes.com/2021/05/14/opinion/climate-disasters.html?action=click&module=Opinion&pgtype=Homepage