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‘A snapshot of climate devastation’: Study claims 2024’s biggest climate disasters cost $200bn.

Ten costliest climate disasters of 2024 each caused more than $4bn in
damage, Christian Aid study finds. The 10 most costly climate disasters of
2024 collectively caused more than $200bn in damages, according to annual
analysis published today by Christian Aid. The charity’s annual assessment
of the 10 most expensive extreme weather events of the past 12 months
estimates every one of the biggest individual disasters this year caused
damages to the tune of more than $4bn each, with no part of the world
spared from such extreme weather events.

Moreover, given most estimates
totted by Christian Aid are based only on insured losses, the true
financial costs are likely to be even higher, while the human costs are
often uncounted for, the charity said. The report suggests the USA bore the
brunt of climate disaster costs in 2024, with October’s Hurricane Milton
the single biggest one-off event at $60bn in damage, while Hurricane Helene
– which struck the US, Cuba and Mexico in September – placed second with
$55bn damages.

Business Green 30th Dec 2024 https://www.businessgreen.com/news/4391020/snapshot-climate-devastation-study-claims-2024s-biggest-climate-disasters-cost-usd200bn

January 1, 2025 - Posted by Christina Macpherson | climate change