Gallery: UN Report Says Disasters Have Cost $2.5 Trillion Since 2000

 

A new United Nations report makes the startling assertion that disasters have resulted in $2.5 trillion in damage within the last 13 years alone. Those losses fall principally on the private sector, warned UN Secretary-General Ban Ki-moon, who said at a New York City launch event for the report: “Governments bear the responsibility for disaster risk reduction. But the level of risk is also related to the where and the how of investment by the private sector, which is responsible for 70 to 85 percent of worldwide investment in new buildings, industry and critical infrastructure.”

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