Extreme Weather Linked to Climate Change Results in $2 Trillion Losses Globally

A report by the ICC reveals that extreme weather due to climate change has caused over $2 trillion in economic losses globally from 2014 to 2023. The U.S. experienced the highest losses at $935 billion, followed by China and India. Approximately 1.6 billion people have been affected, with the effects emphasizing the reality of climate change today.

A recent report issued by the International Chamber of Commerce (ICC) indicates that extreme weather events, attributed to climate change, have resulted in over $2 trillion in economic losses globally from 2014 to 2023. The report highlights more than 4,000 severe weather incidents during this timeframe, revealing that the last two years alone accounted for $451 billion in damages. The United States topped the list of affected nations, bearing approximately $935 billion in losses, followed by China and India with $268 billion and $112 billion in damages, respectively. Other nations notably impacted include Japan, Germany, Australia, France, and Brazil. Overall, around 1.6 billion individuals have been affected by these damaging weather events in the past decade. John Denton, Secretary General of the ICC, emphasized that this data reflects a pressing and ongoing challenge rather than a distant concern, asserting, “The data from the past decade demonstrates that climate change is not a problem of the future but a current reality.” He further conveyed that the repercussions of these extreme weather phenomena are acutely felt even today.

The correlation between climate change and extreme weather is becoming increasingly evident as global temperatures rise, leading to severe weather conditions such as intense rainfall, floods, and landslides. The economic repercussions of these events are profound, as demonstrated by the staggering amounts of loss documented in the ICC report. This analysis not only sheds light on the financial toll but also underscores the urgency in addressing climate change through sustainable practices and enhanced disaster preparedness.

In summary, the ICC report elucidates the severe economic ramifications of extreme weather driven by climate change, with a global loss exceeding $2 trillion from 2014 to 2023. The United States, China, and India are among the nations most significantly impacted. As extreme weather events continue to affect billions worldwide, it is imperative to recognize the ongoing nature of climate change and its consequential economic burdens.

Original Source: www.turkiyetoday.com