Climate-induced disasters over the past decade have inflicted nearly $2 trillion in economic losses globally.
According to a report by the International Chamber of Commerce (ICC), climate change is already wrecking havoc around the world with costs hitting the 2 trillion mark for the very first time.
US Most Impacted
The US bore the brunt of these economic losses over the ten years, losing $935 billion, followed by China at $268 billion and India at $112 billion.
The last two horrific hurricanes alone cost the economy $132 billion alone.
Approximately 1.6 billion people were impacted globally by climate-related disasters, which is a significant increase.
2024 Will Be The Hottest Year on Record
Data released by Europe’s Copernicus Climate Change Service confirms that 2024 will be the warmest year on record.
The warning comes after temperatures breached critical thresholds in Europe, the US, and Canada in 2024.
