Extreme Weather Events Have Cost $2 Trillion Over The Past Decade
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.