What we can learn from business about the economic impact of disaster preparedness
This past week the U.S. Chamber of Commerce and the Sacramento Metro Chamber of Commerce hosted the first conference on climate resiliency in downtown Sacramento.The 2024 Climate Resiliency Report analyzed the impact of preparedness investment for multiple disaster scenarios, which included a closer look at Sacramento.They examined three different scenarios for our area including drought, major storms, mudslides, as well as wildfires.The study found that every dollar invested in local disaster preparation saves nearly $11 in economic costs, damages and cleanup after the event. Any financial advisor would tell you that’s a good investment. That also includes preserving thousands of jobs, household incomes, reducing the number of displaced people from their homes, and maintaining business production to help local economies rebound faster. While climate issues can sometimes be used to divide us and support various political agendas, it was refreshing to see real numbers and figures surrounding the economic impact due to business investment. And what we can learn from businesses can be likened to our own preparedness: taking care of our homes, as home maintenance is actually a huge part of preparedness, using smarter and more efficient electrical appliances and finding ways to conserve energy.Even the smallest efforts can help us save a lot of money in the future. And that’s something we can all agree on.Ariel Roblin is the president and general manager of KCRA 3 and My58. See more of her editorials here.
This past week the U.S. Chamber of Commerce and the Sacramento Metro Chamber of Commerce hosted the first conference on climate resiliency in downtown Sacramento.
The 2024 Climate Resiliency Report analyzed the impact of preparedness investment for multiple disaster scenarios, which included a closer look at Sacramento.
They examined three different scenarios for our area including drought, major storms, mudslides, as well as wildfires.
The study found that every dollar invested in local disaster preparation saves nearly $11 in economic costs, damages and cleanup after the event. Any financial advisor would tell you that’s a good investment. That also includes preserving thousands of jobs, household incomes, reducing the number of displaced people from their homes, and maintaining business production to help local economies rebound faster.
While climate issues can sometimes be used to divide us and support various political agendas, it was refreshing to see real numbers and figures surrounding the economic impact due to business investment.
And what we can learn from businesses can be likened to our own preparedness: taking care of our homes, as home maintenance is actually a huge part of preparedness, using smarter and more efficient electrical appliances and finding ways to conserve energy.
Even the smallest efforts can help us save a lot of money in the future. And that’s something we can all agree on.
Ariel Roblin is the president and general manager of KCRA 3 and My58. See more of her editorials here.
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2024-12-08 13:00:00
