US suffered greatest economic losses, report commissioned by International Chamber of Commerce finds, followed by China and India
Violent weather cost the world $2tn over the past decade, a report has found, as diplomats descend on the Cop29 climate summit for a tense fight over finance.
The analysis of 4,000 climate-related extreme weather events, from flash floods that wash away homes in an instant to slow-burning droughts that ruin farms over years, found economic damages hit $451bn across the past two years alone.
About Author
More Stories
Aston Martin limits exports to US because of Trump tariffs
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
Liberal-aligned thinktank running anti-Greens ads received $600,000 from coal industry in Queensland election