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Climate Emergency Cost Global Economy Nearly $200 Billion in 2021

HeadlineDec 29, 2021

A new report by the charity Christian Aid finds the combined toll of 2021’s worst climate disasters cost the global economy nearly $200 billion. Topping the list was Hurricane Ida, which killed 115 people while causing $65 billion in damage. Other costly weather events included the Texas winter storm and intense flooding in Europe over the summer. The report found the six costliest years for climate disasters have all come since 2011 and that without dramatic action to curb emissions, future climate disasters are likely to become much more deadly and expensive.

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