The financial cost of the most destructive climate disasters of 2022 has been revealed, with a new report saying the top 10 each caused more than $4.5 billion in damage. Read more:
A new report reveals the top 10 most costly climate disasters in 2022.
The financial cost of the most destructive climate disasters of 2022 has been revealed, with a new report saying the top 10 each caused more than $4.5 billion in damage. Relief and development agency Christian Aid authored the report. CEO Patrick Watt said the fact each disaster in the top 10 cost more than $4.5 billion is telling."[It] points to the financial cost of inaction on the climate crisis," Mr Watt said.
The fund is designed to provide financial support to people in developing countries who have suffered huge losses due to a climate crisis.The most costly climate disaster in 2022 was Hurricane Ian, which hit Cuba and the United States between September and October. It caused damage estimated at more than $150 billion, displaced over 40,000 people, and took 130 lives.Floods in China cost $18 billion and displaced 239 people.
"Climate change is thus making extreme weather events more intense when they do occur, and more persistent," Professor Fowler said. "This makes them more expensive and impactful, and means that managing their effects on communities is a huge challenge.”African countries were not among the worst polluters, but are suffering from the consequences of richer nations' emissions.
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