Counting the cost: a year of climate breakdown
Extreme weather, driven by climate change, hit every populated continent in 2018, killing, injuring and displacing millions and causing major economic damage costing billions of dollars, according to a report by Christian Aid. Counting the Cost: a year of climate breakdown identifies 10 of the most destructive droughts, floods, fires, heatwaves, typhoons and hurricanes of 2018, each of which caused damage of over US$1 billion. Four of the events cost more than $7 billion each. These figures are likely to be underestimates - in some cases they include only insured losses and do not take into account the costs of lost productivity and uninsured losses.