Oct 10, 2014

The $9.7 Trillion Problem: Cyclones and Climate Change

Puerto Vallarta, Jalisco
Mexico
by
Brian Kahn
,
Climate Central
Damage in the Breezy Point neighborhood of Queens in the wake of Sandy. Photo: Katherine Moore
Damage in the Breezy Point neighborhood of Queens in the wake of Sandy. Photo: Katherine Moore

Tropical Cyclones could cost the global economy $9.7 over the next century, especially if climate projections of fewer but more intense cyclones are accurate.  In comparison to those losses, the cost of action to reduce emissions and beef up coastal preparedness is relatively cheap say researchers...

typhoons — depending on the ocean basin in which they form — leave lasting impacts on the economies of the countries they hit. In the case of major events, such as 1-in-100 year storm like Hurricane Ivan in 2004, the impacts were worse and longer-lasting than a full-blown financial crisis