TSKB Economic Research Publishes Disaster Report Titled "Beyond Recovery: Disaster Resilience"

Foreks - TSKB (IS:TSKB) Economic Research has published a new disaster report titled “Beyond Recovery: Disaster Resilience.”
The report, published as part of TSKB Economic Research's three-year commitment in response to the increasing need to recognize, assess, and understand risks from natural disasters following the earthquakes of February 6, is the fourth disaster report released on this topic. Aiming to raise existing awareness by keeping disaster risks on the agenda of all relevant stakeholders, TSKB Economic Research presented its latest work on the subject under the title “Comma – The Year of Earthquake Is Not Just One Year.”
The report addresses the impacts of disasters on economic and social development, emphasizing the importance of long-term strategies for disaster risk reduction and resilience building. It points out that the February 6 earthquakes served as a reminder of the earthquake risk in Turkey and highlights a significant increase in the number of extreme weather events in 2023, approaching 1,500. The report underscores the visibility of the connection between disaster risk reduction and fundamental goals such as poverty alleviation and inclusive growth, stating that there is widespread acknowledgment of the need for a long-term approach to building disaster resilience.
It notes that disaster resilience requires addressing root causes rather than merely focusing on outcomes and recalls that new research related to the subject has shown that every dollar spent on reducing disaster risk saves between 4 to 7 dollars in disaster response.
The key points of the "Beyond Recovery: Disaster Resilience" report are as follows:
• According to the latest Adaptation Gap Report by the UN Environment Program (UNEP), adaptation costs for developing countries range from $215 to $387 billion. This estimate implies that adaptation costs are 10 to 18 times greater than the international public adaptation finance flows, which are approximately $21 billion. The report mentions that climate risks are increasing amid the current stagnation in adaptation projects.
• The report shares information that an increasingly growing population is living in cities, noting that in the past twenty years, the global share of urban population has risen by 10 percentage points to nearly 57%.
• Coastal regions, which host a growing number of human activities, are more vulnerable to disasters given the global rise in sea levels and ongoing urban development.
• Despite the increasing efforts to limit rising temperatures on a global scale, climate scientists believe that disasters such as flooding, drought, and wildfires are becoming more likely. Approximately 40% of people are currently living in climate-vulnerable areas.
• Countries facing high seismic activity have a more challenging task ahead. In addition to rebuilding areas at risk of earthquakes, they need to relocate industrial facilities to safer areas to mitigate potential damage. Furthermore, it is noted that learning losses along with increasing income inequality and gender inequality can have long-term effects on development beyond the physical losses incurred.
For the complete report: https://www.tskb.com.tr/uploads/file/3db5d4bcf8eeff191943e9706e15153a-1730700604112.pdf