Protecting Against Natural Disasters: NIBS Unveils New Report on Mitigation
"While COVID-19 presents our nation with unprecedented challenges, natural disasters are continuing," says
The nation recently has faced a number of dangerous phenomena, including tornadoes in the south and earthquakes in
The Natural Hazards Mitigation Saves 2019 Report represents the most comprehensive benefit-cost analysis of natural hazard mitigation, from adopting up-to-date building codes and exceeding codes to the upgrade of utility and transportation infrastructure.
A webinar to outline report specifics with the Mitigation Saves team now is in planning. Interested parties should check back on the NIBS website for webinar details.
New to this year's report is the extensive coverage – more than 100 pages – addressing the strengthening of existing buildings to prepare for hazards like floods, high winds, fires, and earthquakes. This was funded by the
According to NIBS research, 127 million people are exposed to hurricanes, 85 million to earthquakes, 42 million to floods, and 59 million to fire.
NIBS councils and partners are looking at next steps to increase the nation's mitigation investment by leveraging public assistance with private sector investments.
"Our work is far from over," Woods said. "There are many layers of mitigation. The property owner and communities that have begun to protect against disasters must continue, and those that have not must start."
The Atlantic Hurricane Season begins
The
Background
In 2005, NIBS studied the value of mitigation. In 2016, the original report was revisited and expanded.
Specifically, Mitigation Saves looks closely at:
- Building code requirements. Model building codes serve as the baseline to protect our built environment, setting minimum safety requirements for buildings. Compared with past (1990s-era codes), modern codes improve building resilience to natural disasters and save
$11 for every$1 invested. - Federal grants. Federally funded grants to study mitigation have resulted in a national average benefit of
$6 to every$1 invested in upfront mitigation costs. Every state in the nation is estimated to experience$10 million in benefits from federal grants to mitigate flood, wind, earthquake, or fire. The majority of states experience at least$1 billion in benefits. - Retrofit. Updating utilities, transportation facilities, and existing buildings is a critical component of mitigation. Water, wastewater, electricity, rail, roads, highways, telecommunications, and existing building stock must be better positioned to resist future disasters.
What's Next
The goal of Mitigation Saves is to help communities, building owners, and representatives in the private finance, insurance, and real estate industries initiate a greater mitigation dialogue.
For more information, including comprehensive two-pagers on various kinds of natural hazards and the costs associated with mitigation, visit https://www.nibs.org/mitigationsaves.
About NIBS
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