Urgent Call for Investment in Flood Adaptation Amid Rising Climate Risks

In 2023, global economic losses from natural disasters reached $280 billion, with floods alone costing $51.6 billion. The Swiss Re Institute emphasizes the need for strategic investments in flood adaptation, highlighting that benefits can exceed costs by up to tenfold. This call to action for public-private collaboration aims to enhance economic resilience and community safety amidst escalating climate change risks.