The new report “Germany: The Economic Case for Investing in Disaster Preparedness and Resilience” by the World Bank has been published.
It demonstrates why investing in disaster preparedness and resilience in Germany is not only necessary, but also economically sound. In light of increasing extreme weather events, including floods, heatwaves, and wildfires, the report estimates climate-related damages at more than €80 billion between 2018 and 2022.
The key finding is that every euro invested in prevention yields a median economic return of between €2 and €6. Early warning systems, forward-looking planning, and nature-based solutions are identified as particularly cost-effective measures.
The report outlines concrete recommendations for federal, state, and local authorities to better manage multi-hazard risks, protect critical infrastructure, and systematically strengthen resilience against future crises.
Read more here.
(Image source: AI-generated)