Analysis shows at least $2.8tn in damage from 2000 to 2019 through worsened storms, floods and heatwaves
The damage caused by the climate crisis through extreme weather has cost $16m (£13m) an hour for the past 20 years, according to a new estimate.
Storms, floods, heatwaves and droughts have taken many lives and destroyed swathes of property in recent decades, with global heating making the events more frequent and intense. The study is the first to calculate a global figure for the increased costs directly attributable to human-caused global heating.
It found average costs of $140bn (£115bn) a year from 2000 to 2019, although the figure varies significantly from year to year. The latest data shows $280bn in costs in 2022. The researchers said lack of data, particularly in low-income countries, meant the figures were likely to be seriously underestimated. Additional climate costs, such as from crop yield declines and sea level rise, were also not included.
This is how we go after the oil corporations. Litigation by states and municipalities over real damages knowingly caused by their products.
Just like is being done now against the pharma execs over the opioid crisis.
This is the real affirmative action.
Take money from the rich and use it to fix the damage they caused to get rich.
They all believe they’re entitled to their wealth at the expense of our planet. Let’s show them they’re not.