Resource detail
Title: Extreme weather events cost the world billions in 2021, shows study
Source:Business Standard
Date:27 December 2021
A new report by Christian Aid, Counting the cost 2021: A year of climate breakdown on 27 December 2021 identified 15 of the most destructive climate disasters of 2021. They include some of the disasters hit rapidly, like Cyclone Yaas, which struck India and Bangladesh in May and caused losses valued at $3 billion in just a few days. Ten of those events cost $1.5 billion or more. Most of these estimates are based only on insured losses, meaning the true financial costs are likely to be even higher.
