Importance of investment in disaster risk reduction

As the population is growing and urbanization is progressing, higher numbers of people are exposed to disaster risks, especially in developing countries. Climate change is further worsening the impacts of existing risks and introducing new ones. To date, various international arenas have recommended increasing investment in DRR. The Sendai Framework for DRR, adopted by the UN member states in 2015 during the Third UN World Conference on DRR, emphasizes investment as a priority for decreasing disaster risks and losses. It is imperative that countries need to invest more in disaster risk reduction (DRR) as well as climate change adaptation (CCA) not only to minimize their impacts but also to build resilience.