Climate Change Disasters Projected to Cost Global Economy $450bn Annually

A new analysis warns that climate-related disasters and development challenges will impose massive financial burdens worldwide, with over half of losses remaining uninsured.

1 Sept, 04:00 — 1 Sept, 04:00

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FTVery High3h ago

Disasters to cost world $450bn a year from climate change and development

More than half of losses not covered by insurance as carriers carve out risk and cut exposure

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Climate Change Disasters Projected to Cost Global Economy $450bn Annually

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Disasters to cost world $450bn a year from climate change and development

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