13 Jan '18, 3pm

New Study Finds Society Now Saves $6 for Every $1 Spent Preparing for Natural Disasters

WASHINGTON (January 11, 2018)—The National Institute of Building Sciences, a public-private partnership Congress established in 1974, released a new report today titled “Natural Hazard Mitigation Saves,” examining the cost savings of preparing for natural disasters such as hurricanes and wildfires, many of which are worsened by climate change. The report updates and builds on their groundbreaking and frequently cited 2005 analysis of the same name. The original analysis found that for every dollar invested in pre-disaster mitigation there is a $4 savings to society. Today’s report makes an even stronger case for advanced planning, finding that for every $1 invested in federally funded pre-disaster mitigation grants society saves $6 and for every $1 spent on building codes society saves $4. Below is a statement by Shana Udvardy , climate preparedness specialist at the Union...

Full article: https://www.ucsusa.org/press/2018/new-study-finds-society...

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