https://www.ecowatch.com/climate-change-extreme-weather-events-global-cost.html

According to a new report by the International Chamber of Commerce and consultancy firm Oxera, extreme weather events over the past 10 years have cost a total of $2 trillion globally. The countries that have faced the biggest losses include the U.S., China and India.

The report tracked nearly 4,000 extreme weather events from 2014 through 2023. In total, the results found that these events affected more than 1.6 billion people and cost around $2 trillion in economic losses.

Over just the past two years, losses linked to extreme weather cost the world $451 billion. According to the report, that is about 19% more than the losses from the previous 8 years analyzed in the study.

“The data from the past decade shows definitively that climate change is not a future problem: major productivity losses from extreme weather events are being felt in the here and now by the real economy,” John W.H. Denton AO, secretary-general of the International Chamber of Commerce, said in a statement.

The report also warned about the increase in frequency of these extreme weather events, noting that there has been an 83% increase in climate disasters when comparing 1980–1999 to 2000–2019. 

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Original article at https://www.ecowatch.com/climate-change-extreme-weather-events-global-cost.html