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Investing in DRR ultimately saves lives and increases resilience; aside from social aspects there is also an economic incentive. As increasing reliance can also foster economic growth and employment. For example for every $1 million invested in the climate adaptation infrastructure sector creates over 650 jobs in India.

Another economic aspect is poverty reduction, as a CBDRR scheme in a small rural province in  Burkina Faso created an escape for the locals and the CBDRR scheme became implemented across the country due to the success and increase in capital.
Amy

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Investing into disaster risk reduction (DRR) has many benefits, as by building protective structures like early warning systems it can help to avoid direct impacts from the disaster. Specific Schemes such as CBDRR and CC-DRR can help to increase DRR awareness in communities and close family/friend relationships. Increasing awareness and knowledge of disasters will help people better prepare themselves for a disaster, and better preparation will lead to a reducing in loss of life. Even though “large scale disaster do not occur enough to make investment worth it”. I highly disagree as knowledge from DRR education can be passed around. For example, if DRR awareness is high in areas with low disaster occurrences, people will be aware of what actions to take if a hazard was to occur, which will reduce loss of life. It is also beneficial for other areas because if people with high DRR knowledge visit an area with high disaster occurrence, this will not only save them, but it will help to save others less aware in that area. So, an investment in DRR will not only help to reduce fatalities here, it can help to reduce them all over.
- Charlotte

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The investment in DRR has many immediate and long term economic benefits. The creation and implementation of DRR plans creates jobs and in the long run saves money in disaster situations. DRR plans can reduce costs linked to a disaster, such as initial aid and relief and building back in the aftermath. Creating resilience, reducing risk and creating a confident community creates faith in the governments and reduces costs on all levels. Having pre made plans would give estimates expenditure for in a disaster situation. DRR can also drive investment and economic growth. If an area is deemed safe structurally companies are more likely to invest and build infrastructure. Areas with proper health and safety, building regulations and DRR plans are more likely to attract legitimate investment. DRR not only benefits the individual and community but governments and businesses through investment.
-Ayse

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If we invest now in Disaster Risk Reduction schemes the economy and public will be saved in the long run. This is because if we wait for disaster events to occur they could be extremely fatal to the economy and to the people of that disaster stricken area. There may also be a time where there are many disaster strikes in a short period of time. The short term expenditure would be a lot less compared to that of providing aid as and when. Providing aid as and when may also be a very slow process when it comes to it as aid would have to be organised and this takes too long, people of disaster stricken communities would need that aid as soon as possible not in 5 days time. Education is key and making sure disaster risk reduction schemes are community based, this will mean that culture and values are involved which increases participatory levels within the community. We can educate team leaders of that community so that it has a greater impact than a stranger teaching them about disaster information. We need to also make sure that vulnerable groups of people like children, women and the elderly are involved, empowered and educated this also increases participation and can create a more positive disaster recovery outcome.

Joe

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The use of DRR schemes can actually save money in the long term. If people are taught how to react in disasters and how to prepare, they could be less damage done to areas which will result in a lower recovery cost. For example, in an earthquake, if people are taught how to prepare their our homes for earthquakes, less damage would occur, or if future building are built with earthquake-proof designs, they would be less likely to fall over or get damaged in the shaking. therefore, investing in DRR schemes will save money for the future.

Faye.

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Investing into DRR will lead to further advances in technology, like that of EWS. With greater investment into this aspect of DRR then people would have more time to evacuate before a disaster- so a more cohesive evacuation could occur (unlike in Hurricane Katrina) and therefore less money would need to be spent in disaster relief as fewer people would be affected. Furthermore, jobs will be created by EWS further aiding the economies of nations. An investment of $800 million on these systems would result in an avoidance of potential losses mounting to almost $16 billion per year. However, by 'continuing as normal' and not investing in EWS, the increased strain put on the economy, from the potential losses of $16billion p.a, could become too great and lead to some lesser economies struggling and even fail.
George

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The use of climate services which enable forecasts of hazards such as droughts, floods and wildfires has a cost benefit of one to ten. This means investing in climate services hugely beneficial. Simple risk reduction measures such as farmers using maize that is drought tolerant can increase a yield by 600kg per hectare than using traditional maize in a season of drought. This not only benefits farmers at a local level, but benefits wider communities and the country as it strengthens food security, meaning there is more food to share, supply and sell to other countries. In turn, this could potentially pay for the cost of the climate services in the DRR programme. If there is no action, then yields will drop as a result of droughts, flooding or storms, which could result in a food shortage, poverty meaning there is an increase on people relying on humanitarian assistance, which would be more costly than implementing the DRR programme for agriculture would have been.
- Isabel

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If no resilience is built, then destruction will occur and destroy different things such as buildings or peoples livelihoods. Investing in DRR not only prevents this destruction where money will be spent rebuilding, but jobs will be created. Destruction of food can cause problems to supplying food to the country and cause shortages. Creation of jobs will be in different areas such as construction or controlling the DRR method. -Victoria

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Invest in green infrastructure and nature based solutions

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Invest in green infrastructure and nature based solutions

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'Continuing as is' will cost lives and money, and place large and unexpected stress on people and the economy if a disaster were to occur. Investing in green infrastructure and nature based solutions will not only increase resilience during hazards and support the fight against climate change but it would also provide many additional benefits now and in the short term. There would be a boost in employment during construction, it would create volunteer opportunities that promote a healthy community (reducing healthcare costs) and there would be a secure supply of energy and water.  It is not just an investment in disaster risk reduction, it is also an investment in the community and economy, now and moving forwards.

-Toni