The climate crisis is recording global daily losses of $391 million per day

<p style=";text-align:left;direction:ltr">ArabiaWeather - According to a recent report, it was found that the damage resulting from the global climate crisis has reached $391 million per day over the past two decades. This is the conclusion of the report published by Nature Communications magazine.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>More than $100 billion annually... losses from weather and climate disasters</strong></h3><p style=";text-align:left;direction:ltr"> According to the same study, wildfires, heat waves, droughts, and other events related to climate change have caused costs of more than $100 billion annually from 2000 to 2019.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>The cost of climate change-related events is $143 billion annually</strong></h3><p style=";text-align:left;direction:ltr"> The report stated that the cost of climate change-related events amounts to $143 billion annually, and scientists in the study indicated that the largest portion (63%) of these costs result from human losses, with the remainder resulting from the destruction of property and other assets.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>The year 2008 recorded the highest rates of losses due to climate disasters</strong></h3><p style=";text-align:left;direction:ltr"> The study indicated that the years that witnessed the highest rates of losses were 2008 in first place, followed by 2003, then 2010. It was found that this increase in costs was the result of events that included high death rates.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>More than 80,000 deaths due to Cyclone Nargis in 2008</strong></h3><p style=";text-align:left;direction:ltr"> Tropical Cyclone Nargis that struck Myanmar in 2008 killed more than 80,000 people, according to the International Federation of Red Cross and Red Crescent Societies. In 2003, Europe experienced a severe heat wave that killed 70,000 people. In 2010, Russia experienced a heatwave and Somalia experienced a drought.</p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> The financial costs of these losses were calculated by compiling economic data related to them, in addition to examining the impact of the rise in global temperatures that contributed to the exacerbation of climate events.</p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> However, it is worth noting that these estimates are an underestimate of the true costs of climate change due to the difficulty of measuring indirect losses.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>The summer of 2023 is the hottest in history</strong></h3><p style=";text-align:left;direction:ltr"> The world&#39;s battle against new weather phenomena is becoming increasingly complex, as global temperatures continue to rise and disasters escalate. The summer of 2023 is considered the hottest in history by a wide margin, making the year as a whole a record year in terms of heat.</p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> During the summer season, the Northern Hemisphere experienced a series of extreme weather events, including recurring heatwaves that exacerbated devastating wildfires. Countries across Europe have suffered the effects of high temperatures and massive flooding. In August, the United States also experienced some of the worst wildfires in its modern history in Maui, Hawaii.</p><p style=";text-align:left;direction:ltr"></p><h3 style=";text-align:left;direction:ltr"> <strong>The El Niño pattern remains active for the first time in four years at the start of the winter season</strong></h3><p style=";text-align:left;direction:ltr"> Exceptionally, the El Niño pattern remains active for the first time in four years at the start of the winter season, indicating that certain regions of the world such as northern Alaska and the Gulf Coast will likely experience a wetter than usual winter season.</p>