Last year brought the second-highest number of billion-dollar weather and climate disasters on record, a recipe for higher insurance premiums and construction budgets.
Last year’s lofty average global temperatures, which choked the Western U.S. in drought and fire and kicked up a deadly hurricane in New York, may not have been a record-beater.
Scientists increasingly compare these long-run warmups to temperatures beginning with the 1880s-90s, when the Industrial Revolution took hold. “No one lives at the global average temperature,” said Berkeley Earth Lead Scientist Dr. Robert Rohde. “Most land areas will experience more warming than the global average, and countries must plan their responses to this.”
The monetary bite from these events totaled approximately $145 billion. This exceeds the total damage of $102 billion from the 22 natural disasters in 2020.
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