Addressing recurrent vulnerability to natural hazards through disaster risk reduction (DRR) has become a central tenet of modern statehood and a critical component of humanitarian and development practice. A major obstacle in attracting the interest and commitment of policymakers to the DRR agenda is a dearth of evidence on the economic benefits of disaster prevention and a lack of understanding about how to measure the costs and benefits of preventative action. In short, when one says $1 spent on prevention saves $4 in disaster losses, what exactly does one mean and how does one arrive at those figures across highly variable contexts? This event will consider the latest thinking and action in measuring costs and benefits of DRR.

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