Natural disasters drive 26 million into poverty annually: World Bank

Natural disasters drive at least 26 million people into poverty each year, according to a World Bank report
Natural disasters drive at least 26 million people into poverty each year, according to a World Bank report

Natural disasters drive at least 26 million people into poverty each year and cause more than $500 billion in lost consumption, far exceeding the value of damage to property alone, according to a World Bank report released Monday.

Those numbers will be driven up in the coming decades as amplifies the destructive power of cyclones, flooding and drought, said the report, released on the margins of high-level UN climate talks in Marrakesh.


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Citation: Natural disasters drive 26 million into poverty annually: World Bank (2016, November 14) retrieved 21 November 2019 from https://phys.org/news/2016-11-natural-disasters-million-poverty-annually.html
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