News Center
News on Climate and Environmental Issues
- Aggregated news on climate and environment
- Latest reports and studies
- In-depth articles and expert opinions
The News Center offers a comprehensive update on climate and environmental issues by aggregating news, reports, and expert opinions from multiple sources. It provides the latest articles, in-depth studies, and data on global weather-related disaster losses and fatality rates, as well as damage costs from natural disasters. The section utilizes RSS feeds from various environmental and financial news sources to deliver aggregated news on carbon markets and climate policies, alongside original analysis and commentary. Key features include editorials from climate market leaders and financial analysis of carbon pricing, with a focus on top climate policy news.
Global damage costs from natural disasters
The economic damage caused by natural disasters has been significant over the years. According to recent data, the total damage from natural disasters is estimated to be around $500 billion in 2023 alone. This is a substantial increase from the average annual damage of $50 billion in the 1980s, which has risen to an average of $200 billion in the past decade.
In the United States, climate change-related natural disasters have cost over $2 trillion in recovery costs since 1980. The country has experienced 395 weather and climate disasters with damages exceeding $1 billion (adjusted for inflation) since 1980. These disasters have resulted in significant economic losses, with droughts, wildfires, and floods being among the most costly, with average costs of $11.6 billion, $6.4 billion, and $4.6 billion per event, respectively.