Downside Potential: Warming Could Add Up To $100 Billion/Yr To Natural Disaster Costs By 2040

[hatrack]

Climate change could add more than 20 percent, or $100 billion annually, to the cost of extreme weather events around the world by 2040, according to a new analysis by researchers at Cambridge University. The new report measures direct costs, such as damage to buildings and infrastructure, as well as indirect costs, including disruptions to supply chains and business operations.

Natural disasters such as floods, heatwaves, droughts, and storms currently cost $195 billion annually in direct expenses. By 2040, researchers found that number could rise to $234 billion, an increase of $39 billion a year. When the disruption these events cause to the global economy is factored in, climate change could add a total of $100 billion to the cost of disasters every year.

EDIT

https://e360.yale.edu/digest/natural-disasters-could-cost-20-percent-more-by-2040-due-to-climate-change

[Mickju]

1. Are we sure we will still be here in 2040?

I probably won't since I will be 96.