The frequency and cost of billion-dollar extreme weather disasters in America have surged dramatically, with the National Oceanic and Atmospheric Administration (NOAA) highlighting significant economic impacts and the growing urgency of addressing climate-related risks.
There have been 383 instances of extreme weather or climate disasters since 1980, with at least $1 billion in damages. These calamities have cost over $2.7 trillion in total.
This graphic, courtesy of Jenna Ross of Visual Capitalist, was made in collaboration with the National Public Utilities Council and illustrates how the frequency of these catastrophes has been rising over the last ten years.
A Growing Concern
Every disaster is monitored by the National Oceanic and Atmospheric Administration (NOAA) in the United States, which also makes cost estimates based on time losses and physical damages such as disruptions to company operations. To accommodate for inflation, they modify all expenditures ...
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