Disaster resilience strategy: getting ahead of climate change
Hurricane Dorian’s devastation of parts of the Bahamas is again a sad reminder of the Caribbean’s vulnerability to natural disasters. The frequency and severity of disasters, and the human and economic toll in their wake, has been increasing over time—a trend likely to intensify as climate change continues (see Figure 1). The sad truth is that disasters disproportionately affect the poor, who have limited ability to cope with the impact.
Given this clear and present danger, in a recent IMF policy paper, we make the case for vulnerable countries to develop nationally owned Disaster Resilience Strategies (DRS), with inputs from development partners and other stakeholders, to better address the challenges posed by natural disasters…
Japan typhoon Hagibis: Ten flooded bullet trains scrapped
Some components could still be used but the loss to the book value of the trains could be between $110m and $135m (£85m-£104m), Japanese media said.
The Hokuriku-Shinkansen line trains were parked in a yard in Nagano city.
Typhoon Hagibis struck with winds of 225km/h (140mph) on the weekend of 12-13 October, killing about 90 people and displacing thousands with flooding.
It was the country’s worst storm in decades.
The images of the parked trains with floodwater lapping at them became symbolic of the extent of the damage…