The cost of doing nothing
How many people could be in need of humanitarian support following climate-related disasters by 2030 and 2050 if the world does not urgently invest in climate adaptation measures today? And what could the financial cost be for governments and donors supporting an already overstretched humanitarian system?
In its latest report, The Cost of Doing Nothing, the IFRC presents an analysis showing that if no urgent action is taken now, the number of people in need of humanitarian assistance annually due to the climate crisis could double by 2050. Similarly, financial costs could balloon to 20 billion US dollars per year.
In contrast with this pessimistic scenario, the report also shows that, if appropriate climate adaptation measures are taken now, these figures could also stabilize, and even drop. By investing in climate adaptation and disaster risk reduction – building up resilience in communities, countries and regions at risk – and by improving early warning and anticipatory humanitarian action, the world can avoid a future marked by escalating suffering and ballooning response costs.