2024 natural disasters cost more than $200 billion and that’s just the top 10

Valencia Floods 2YGJM8T Effects of the The floods in Valencia in October were devastating (Alamy/PA)

Important Takeaways:

  • The 10 costliest climate disasters in 2024 racked up damage totaling more than 200 billion US dollars, Christian Aid has warned.
  • A report from the charity on hurricanes, floods, typhoons and storms influenced by climate change warns that the top 10 disasters each cost more than 4 billion US dollars in damage (£3.2 billion).
  • The figures are based mostly on insured losses, so the true costs are likely to be even higher, Christian Aid said…
  • The single most costly event in 2024 was Hurricane Milton, which scientists say was made windier, wetter and more destructive by global warming, and which caused 60 billion US dollars (£48 billion) of damage when it hit the US in October.
  • That is closely followed by Hurricane Helene, which cost 55 billion US dollars (£44 billion) when it hit the US, Mexico and Cuba just two weeks before Milton in late September.
  • The US was hit by so many costly storms throughout the year that even when hurricanes are removed, other storms cost more than 60 billion US dollars in damage, the report said
  • The 10 costliest climate disasters of 2024 were:
  • – US storms, December to January, more than 60 billion US dollars;– Hurricane Milton in the US, October 9-13, 60 billion US dollars (£48 billion);– Hurricane Helene in the US, Mexico, Cuba, 55 billion US dollars (£44 billion);– China floods, June 9-July 14, 15.6 billion US dollars (£12.4 billion);– Typhoon Yagi, which hit south-west Asia from September 1 to 9, 12.6 billion US dollars (£10 billion);– Hurricane Beryl, in the US, Mexico and Caribbean islands from July 1-11, 6.7 billion US dollars (£5.3 billion);– Storm Boris in central Europe, September 12-16, 5.2 billion US dollars (£4.1 billion);– Rio Grande do Sul floods in Brazil, April 28-May 3, 5 billion US dollars (£4 billion);– Bavaria floods, Germany, June 1-7, 4.45 billion US dollars (£3.5 billion);– Valencia floods, Spain, on October 29, 4.22 billion US dollars (£3.4 billion).

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