Climate disasters caused $4.3 trillion in losses globally

Climate-related disasters have caused more than $4.3 trillion in economic losses and resulted in over two million deaths worldwide from 1970 to 2021, according to a UN report. The World Meteorological Organization (WMO) shared these findings on World Meteorological Day, March 23. WMO Secretary-General Prof. Celeste Saulo noted that while economic costs are rising, we are saving more lives than ever before. The WMO reported that the past decade has been the hottest on record. It predicts that 2024 may temporarily exceed the temperature rise of 1.5°C compared to pre-industrial levels. This is a serious issue, as even small temperature changes can have significant impacts on our lives. The report highlighted increasing extreme weather events, such as heatwaves, storms, and floods. This year’s World Meteorological Day theme is “Closing the Early Warnings Gap Together.” The WMO aims to improve early warning systems for climate hazards. As of 2024, 108 countries can now issue multi-hazard early warnings, a notable increase from 52 in 2015. However, WMO stresses the need for further improvements and faster implementation. International cooperation is critical for effectively addressing climate challenges. Nations must share data and provide clear, accessible warnings linked to actionable steps for communities. The UN initiative 'Early Warnings for All' aims to ensure that everyone has access to an alert system by 2027. UN Secretary-General Antonio Guterres emphasized the need for political support, technological development, and increased funding for these initiatives. He highlighted the importance of scaling up financial resources, particularly through Multilateral Development Banks. The WMO's report confirmed 2024 could be the warmest year on record. Climate indicators are alarming; carbon dioxide levels are at their highest in 800,000 years. The last ten years were the warmest ever recorded, and sea levels are rising at an accelerating rate. These temperature increases are attributed to rising greenhouse gas emissions and environmental changes. Overall, the WMO calls for urgent action and cooperation to tackle climate issues and protect communities around the world.