Climate disasters cost the world billions of dollars in 2021
Live MintThe world continued to tackle covid-19 in 2021 but the climate change crisis didn’t stop. A new report from the UK-based non-profit Christian Aid looks at the ten most financially devastating climate events of 2021, from hurricanes in the US, China and India to floods in Australia, Europe and Canada. The resulting floods killed at least 240 people and caused widespread damage, with economic losses estimated at more than $43 billion. Njiiri Karago/Medecins Sans Frontieres/Handout via REUTERS Many other disasters in 2021 caused damage to people or ecosystems: While many disasters took a massive financial toll, there was widespread damage in other parts of the world owing to deforestation, droughts and other aspects of climate change. The United Nations has described the situation as “the worst flooding in decades.” Severe drought has left around 60 million people facing food insecurity in east Africa, while an unprecedented heatwave, at the end of June and in the early days of July, brought hugely record-breaking temperatures to some parts of West North America.