Weather disasters in 2020 caused $150bn in damages

PARIS: The 10 costliest weather disasters worldwide this year saw insured damages worth $150 billion, topping the figure for 2019 and reflecting a long-term impact of global warming, a report from global NGO Christian Aid said on Monday.

The same disasters claimed at least 3,500 lives and displaced more than 13.5 million people.

From Australia’s out-of-control wildfires in January to a record number of Atlantic hurricanes through November, the true cost of the year’s climate-enhanced calamities was in fact far higher because most losses were uninsured.

Not surprisingly, the burden fell disproportionately on poor nations, according to the annual report titled “Count the cost of 2020: a year of climate breakdown”.

Only 4% of economic losses from climate-impacted extreme events in low-income countries were insured, compared with 60% in high-income economies, the report said, citing a study last month in The Lancet. “Whether floods in Asia, locusts in Africa, or storms in Europe and the Americas, climate change has continued to rage in 2020,” said Christian Aid’s climate policy lead, Kat Kramer.

Extreme weather disasters, of course, have plagued humanity long before manmade global warming began to mess with the planet’s climate system.

But more than a century of temperature and precipitation data, along with decades of satellite data on hurricanes and sea level rise, have left no doubt that Earth’s warming surface temperature is amplifying their impact.

Massive tropical storms - variously known as hurricanes, typhoons and cyclones - are now more likely, for example, to be stronger, last longer, carry more water and wander beyond their historical range. Record-breaking 30 named Atlantic hurricanes in 2020 - with at least 400 fatalities and $41 billion in damages - suggest the world could see more such storms as well.