Cost of climate-linked disasters soars: UN

GENEVA: The economic cost of climate-related failures hit $2.25 trillion during the last twenty years, an increase of greater than 250 percent in comparison to the previous 20 years, the UN said on Wednesday.

The United Nations Office for Disaster Risk Reduction (UNISDR) noted that "climate change is increasing the frequency and severity of extreme weather events" akin to floods and storms.

Between 1978-1997, total losses for climate-related failures was once $895 billion (780 billion euros), UNISDR said in a file via the Centre for Research at the Epidemiology of Disasters (CRED) on the Universite Catholique de Louvain in Belgium.

But between 1998-2017 that figure hit $2.25 trillion, the file said, listing the United States, China, Japan and India because the international locations where the financial toll has been best.

The findings were released as Michael, a Category Four storm, rumbled in opposition to the Gulf Coast of Florida, in the newest hurricane to threaten huge destruction across the jap US.

"The report's analysis makes it clear that economic losses from extreme weather events are unsustainable and a major brake on eradicating poverty in hazard exposed parts of the world," the UN secretary normal's particular representative for disaster aid, Mami Mizutori, said in a remark.

UNISDR counted the choice of climate-related failures between 1998-2017 at greater than 6,600, with storms and floods the most common occasions.

The file notes gaps in knowledge collection, however says the findings obviously show making an investment in disaster risk aid will have to turn into a central part of policy making in response to climate exchange.
Cost of climate-linked disasters soars: UN Cost of climate-linked disasters soars: UN Reviewed by kailash soni on October 11, 2018 Rating: 5
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