🌎 Natural disasters spurred by climate change are conservatively estimated to have caused £200billion of damage so far this year – more than the annual GDP for the whole of Greece, according to a study
are conservatively estimated to have caused £200bn of damage so far this year – more than the annual GDP for the whole of Greece, according to a study.which left 1.4 million people without power when the 122mph winds struck in February and caused about £550m of damage to buildings and infrastructure.Hurricane Ian, which hit the US at the end of September, is the mostly costly disaster of the year.
As a result, the total damage bill for the first nine months of the year covered by the report could end up being considerably higher, he said. Losses from Europe’s drought losses over the summer are estimated at £17bn – while the coss of the Pakistan floods are thought to be about £35bn , a good part of which has been incurred since the report period ended in September.
He said some disasters take a bigger financial toll while others have a greater impact on livelihoods – which is exacerbated in poorer countries in particular, which cannot afford to spend huge sums on flood protection and other defences.does influence event behaviour and potentially increases economic costs, yet it is only a part of the problem and not the only reason.
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