The report suggests a significant trend of rising costs due to extreme weather events from 2014 to 2023, culminating in a staggering economic toll of $2tn globally.
John Denton, the secretary-general of the ICC, pointed out that the data reveals climate change is already a present-day issue, not merely a future concern.
The analysis indicates a direct correlation between human activities, such as fossil fuel emissions, and the increasing severity of extreme weather events, impacting economies worldwide.
As leaders assemble at the Cop29 climate summit, tensions simmer over financial responsibilities, especially regarding how much wealthier nations should contribute to aid poorer nations.
#climate-change #economic-impact #extreme-weather #financial-responsibilities #international-diplomacy
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