Natural disasters – such as Hurricane Matthew – and climate change are having devastating effects on cities and the 4 billion people who live in them today. By 2030, without significant investment into making cities more resilient, natural disasters may cost cities worldwide $314 billion each year, up from around $250 billion today, and climate change may push up to 77 million more urban residents into poverty, according to a new report by the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR).
