Old Rocks
Diamond Member
The line that the scientists are getting rich writing reports on global warming is as asinine as it gets. Considering the costs of the increase in extreme weather events, one billion for research into the drivers of the climate, and the consequences of climatic changes, is peanuts.
Swiss Re Tallies Huge Costs of Climate Inaction | DeSmogBlog
The world’s largest insurers are tallying the costs of climate inaction, and the numbers are staggering.
Swiss Re announced recently that total economic losses in 2012 from “natural catastrophes and man-made disasters” -- primarily weather events -- should reach roughly $140 billion. Over 11,000 lives were lost due to the so-called “natural catastrophes” alone.
According to the Swiss Re report, “Natural and man-made catastrophes in 2012,” the top five insured loss events are all in the U.S.
“Hurricane Sandy is the largest Atlantic hurricane on record in terms of wind span. This record storm surge caused widespread flooding and damage to a densely populated area on the East Coast of the U.S. It also led to the worst power outage caused by a natural catastrophe in the history of the U.S.”
But Sandy wasn’t the only event to blame. According to the report, “extremely dry weather conditions and limited snowfall in the U.S. led to one of the worst droughts in recent decades, affecting more than half of the country. Drought-related agricultural losses are likely to reach approximately $11 billion, including pay-outs from federal assistance programs.
Compare that to 1 billion for the whole of the period we have been studying climate.
Swiss Re Tallies Huge Costs of Climate Inaction | DeSmogBlog
The world’s largest insurers are tallying the costs of climate inaction, and the numbers are staggering.
Swiss Re announced recently that total economic losses in 2012 from “natural catastrophes and man-made disasters” -- primarily weather events -- should reach roughly $140 billion. Over 11,000 lives were lost due to the so-called “natural catastrophes” alone.
According to the Swiss Re report, “Natural and man-made catastrophes in 2012,” the top five insured loss events are all in the U.S.
“Hurricane Sandy is the largest Atlantic hurricane on record in terms of wind span. This record storm surge caused widespread flooding and damage to a densely populated area on the East Coast of the U.S. It also led to the worst power outage caused by a natural catastrophe in the history of the U.S.”
But Sandy wasn’t the only event to blame. According to the report, “extremely dry weather conditions and limited snowfall in the U.S. led to one of the worst droughts in recent decades, affecting more than half of the country. Drought-related agricultural losses are likely to reach approximately $11 billion, including pay-outs from federal assistance programs.
Compare that to 1 billion for the whole of the period we have been studying climate.