resilience reporter

resilience starts with information

Return on Resilience: A Dollar of Prevention Is Worth $6 in Avoided Costs

Preparing for natural disasters

The world’s attention over the last few weeks has been focused on the football team who became trapped in a cave in Thailand after sudden rains caused flooding which blocked the entrance.

As I write, the good news is that all 12 young boys and their coach have now been rescued after this harrowing ordeal. Sadly, one rescuer lost his life in his heroic attempts to help those trapped.

Natural disasters and tragic events like these cause us to ponder the fragility of our human existence. How easily and simply we can be caught in a situation where we are helpless, frightened and need others to assist.

The accounts of this tragedy and the successful rescue of the team is worth reading and understanding. In it are lessons for us all. We should never take for granted what nature can throw at us and we should never assume that since it hasn’t happened here it probably won’t…

 

Return on Resilience: A Dollar of Prevention Is Worth $6 in Avoided Costs

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“Activities designed to reduce disaster losses also may spur job growth and other forms of economic development, the report says.” (Photo by Jan Gottweiss on Unsplash)

Every dollar invested by the federal government in pre-disaster mitigation saves society $6 in post-disaster recovery costs, according to a recent report, Natural Hazard Mitigation Saves, published by the National Institute of Building Sciences. The study also found that for every dollar spent on improving building codes to better withstand natural disasters, society saved $4.

The report looked at more than 20 years of mitigation grants from federal sources including the Federal Emergency Management Agency, the U.S. Department of Housing and Urban Development, and the U.S. Economic Development Administration.

Because of hurricanes Harvey, Irma, and Maria and the California wildfires, 2017 was the most expensive year for natural disasters in U.S. history, with an estimated $306.2 billion in cumulative damage…

 

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