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UN:$6 Billion Investment in Disaster Relief Would Save $360 Billion

Natural disasters are costing $250 billion to $300 billion annually, the U.N. Office for Disaster Risk Reduction said in a report released last week. According to the Associated Press' Edith M. Lederer, the report estimates that, if a $6 billion investment is made every year, the cost from disasters would be reduced by $360 billion over the next 15 years. Andrew Maskrey, lead author of the 2015 Global Assessment Report on Disaster Risk Reduction, said climate change will make the costs of disasters increase even more.