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Cost of climate-linked disasters soars: UN

AFP  |  Geneva 

The economic cost of climate-related disasters hit USD 2.25 billion over the last two decades, an increase of more than 250 per cent compared to the previous 20 years, the UN said Wednesday.

The Office for Disaster Risk Reduction (UNISDR) noted that "climate change is increasing the frequency and severity of extreme weather events" such as tsunamis, floods and storms.

Between 1978-1997, total losses for climate-related disasters was USD 895 million (780 million euros), UNISDR said in a report by the on the Epidemiology of Disasters (CRED) at the in

But between 1998-2017 that figure hit USD 2.25 billion, the report said, listing the United States, China, and as the countries where the financial toll has been highest.

The findings were released as Michael, a Category Four hurricane, rumbled towards the of Florida, in the latest storm to threaten vast destruction across the

"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 general's for disaster reduction, Mami Mizutori, said in a statement.

UNISDR counted the number of climate-related disasters between 1998-2017 at more than 6,600, with storms and floods the most common events.

The report notes gaps in data collection, but says the findings clearly show investing in disaster risk reduction must become a central part of policy making in response to climate change.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 14:35 IST