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.
More Stories
Europe will never return to Russian gas, European Commission insists
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran