Wildfire, Hurricanes, Floods And Droughts Quadrupled In Cost Since 1980
In the last 40 years, 663 disasters linked to climate change in the United States killed 14,223 people. The total cost: an estimated $1.77 trillion, a bit more than Canada's Gross National Product in 2018.
Economic losses in Europe resulting from climate-linked extreme weather from 1980 to 2017 were lower, totaling $537 billion. The difference was the cost of tropical storms, which don't affect Europe but accounted for nearly half of the U.S. total costs.
The report analyzed data going back to 1980 from several sources, including a database of the National Oceanic and Atmospheric Administration (NOAA) that catalogs climate disasters with costs of $1 billion or more and is continually updated. Only disasters with costs of that magnitude were included in the analysis.