World Bank
Year Published:
Resource Type:
Evaluations and Research | Technical Guidance

The analysis presented here estimates that, in Europe, hydro-meteorological information and early warning systems save several hundred lives per year, avoid between 460 million and 2.7 billion euros of disaster asset losses per year, and produce between 3.4 and 34 billion additional benefits per year through the optimization of economic production in weather-sensitive sectors (agriculture, energy, and others). The potential for similar benefits in the developing world is not only proportional to population, but also to increased hazard risk due to climate and geography, as well as increased exposure to weather due to the state of infrastructure.