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World Bank Türkiye Country Director Humberto Lopez said, "It is necessary to spend 500 billion dollars to make existing houses in Turkey durable."
Speaking at the "9th Sustainable Finance Forum", Lopez made evaluations about the cost of the earthquake disaster in February.
Lopez said, "When we met with our strategy office, we calculated that the reconstruction cost was 81 billion dollars, a cost that exceeded approximately 100 billion dollars with economic losses."
Lopez said, "This is more than 10 percent of Turkey's GNP. We are talking about a really big figure."
Stating that the cost of making existing houses resilient is approximately 465 billion dollars, Lopez continued his words as follows:
"Turkey broke records in high temperatures worldwide. There were approximately 200 extreme weather events in Turkey 20 years ago. A few years ago, it was determined that this figure increased to a thousand. So, what is the cost of adaptation to climate change? The cost of mitigating climate change is expected to cost over 600 billion dollars in Turkey. In other words, with 100 billion dollars for earthquakes, 500 billion dollars for strengthening houses and residences, and climate change, it exceeds 1 trillion dollars. At this point, the percentage It means the GNP of 100 countries. To put this in context, the loan provided by the entire World Bank Group to the world is 168 billion dollars. We announced a 1 billion dollar program after the February 6 earthquake.
Source: Politikyol
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