Calculating the cost of climate disasters: why investments in climate information services pay off
A new framework developed by the African Climate Policy Centre provides governments with a vital tool for calculating – and minimizing – the costs of climate disasters.
- If governments are to invest in climate information services (CIS) to minimize the costs of climate disasters, they need to know – in very precise monetary terms – the returns on their investment.
- A new framework demonstrates how modest investments in CIS can enable disaster interventions, leading to significant avoided costs and added benefits in many socio-economic sectors.
- For governments, the framework is a vital tool for preparing disaster risk reduction strategies or expanding existing national and sectoral policies and strategies.
