1 in 4 U.S. homeowners is financially unprepared for costs of extreme weather, report finds

26% of homeowners say they are financially unprepared for extreme weather events, new survey finds

Charles III

Donald Trump

Elon Musk

Joe Biden

Nancy Pelosi

Xi Jinping

Rishi Sunak

Kamala Harris

Justin Trudeau

Narendra Modi

Bill Gates

Pope Francis

Janet Yellen

Emmanuel Macron

Olaf Scholz

Angela Merkel

Yuval Noah Harari

António Guterres

Alexandria Ocasio-Cortez

Barack Obama

Kofi Annan

Michael Mann

James Inhofe

Greta Thunberg

David Attenborough

Giorgia Meloni

Fumio Kishida

Patrick Michaels

Jane Goodall

Metaculus

Bjorn Lomborg

Freeman Dyson

"[C]limate change is just a very, very expensive form of tax."

"I believe in climate change caused by human beings. What I'm skeptical about is the glib notion that it means the end of the world as we know it."

"The clock is no longer just ticking, it is banging."

"There is no long-term prosperity without action on climate change."

"The time for seeking global solutions [to climate change] is running out."

"The climate crisis is the existential threat. That's not hyperbole; it's a fact."

"[W]e are killing our planet."

Climate change is "above all, an existential crisis."

"Climate change is one of the greatest challenges mankind faces."

"If we don't take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon."

"Humanity is on thin ice — and that ice is melting fast."

"We haven't yet exceeded the bounds of viable human civilisation, but we're getting close."

Is Climate Change an Existential Threat?

As diplomats descend on the Cop29 climate meeting in Baku, the capital of Azerbaijan, the Paris-based International Chamber of Commerce (ICC) published a study claiming that severe weather has cost the world $2T over the last decade.

Guardian

The consulting firm Oxera evaluated around 4K weather events between 2014 and 2023 that affected more than 1.6B people. Researchers described the direct damage to homes, businesses, and infrastructure, as well as labor productivity losses, caused by these disasters.

Report News Agency

Researchers discovered that global economic losses in the past two years were close to $451 billion, marking a 19% rise compared to the previous eight years.

According to the report, the US suffered the highest economic losses between 2014 and 2023 ($935B), followed by China ($268B) and India ($212B).

Axios

Per capita, Puerto Rico, a US territory, ranked fifth among the worst-affected nations, which continues to grapple with the aftermath of 2017's devastating Hurricane Maria. The US finished tenth in these rankings.

CBS #1

CNN #1

ICC #

New report: extreme weather events cost economy $2 trillion over the last decade

Jaime Alekos / Contributor / Anadolu via Getty Images***PLEASE REPLACE WATERMARKED IMAGE***

Extreme weather cost $2tn globally over past decade, report finds

Insurance

Finance

Weather

Floods

Hurricanes and tropical storms

Extreme weather cost $2tn globally over past decade, report finds

Extreme weather cost $2tn globally over past decade, report finds

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Extreme weather cost $2tn globally over past decade, report finds

Extreme weather cost $2tn globally over past decade, report finds

The Spin

The Controversies

Trump

Michaels

Harris

Sunak

Francis

Biden

Macron

Thunberg

Merkel

Attenborough

Guterres

Mann

Articles on this story

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