Climate change: Extreme weather reasons massive losses in 2020

In a background of climate change, it identifies 10 events that observed thousands of lives lost and major insurance costs.

Six of the events happened in Asia, with floods in China and India triggering damage of more than $40bn.

In the US, highest hurricanes and wildfires instigated some $60bn in losses.

“We have observed all this with a 1°C of global average temperature rise, prioritizing the complex relationship between average conditions and extremes.”

“Ultimately, the effects of climate change will be stroked via the extremes, and not averaged changes.”

South Asia Fellow at Climate Tracker