Agriculture sector absorbs the majority of the financial losses brought by disasters which have grown in complexity, frequency, as well as intensity, said FAO in a new report.
At no other point in history have agri-food systems confronted with such unprecedented threats, unusually locust swarms, and emerging biological threats such as the COVID-19 pandemic.
Disasters endanger all the three pillars of sustainable development: social, environmental, economic. This is happening more rapidly, across multiple sectors and dimensions.
Agriculture continues to bear the brunt of disaster impacts as new risks and correlations emerge, the UN food agency’s report titled ‘The impact of disasters and crises 2021 on agriculture and food security’ added.
“Disaster impact is extensive and requires immediate efforts to better assess and understand its dynamics in order to mitigate its costs,” said FAO Director-General QU Dongyu during today’s report launch.
“Increased risk exposure has become the ‘new normal’, and the impact of climate change is set to exacerbate these challenges even further,” the FAO chief added.