Extreme weather cost $4 trillion in economic losses over the last 50 years

A half-century of extreme weather events turbo-charged by man-made global warming has caused over two million deaths and $4.3 trillion in economic losses. The World Meteorological Organization (WMO) said that Least Developed Countries and Small Island Developing States suffered a high cost in relation to the size of their economies

According to WMO, climate and water-related hazards caused

  • Close to 12,000 disasters between 1970 and 2021
  • Developing countries were hit hardest, seeing nine in 10 deaths
  • Developing countries also saw 60 per cent of economic losses from climate shocks and extreme weather

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