Global annual disaster costs

by Fran Sussman

A recent post on CD&S asked what we might learn from the economic impacts of disasters about ways to minimize the long term effects on the economy of these extreme weather events.

The post was a response to reading a recent article, “Global Cost Estimates from “Informing Climate Adaptation:  A Review of the Economic Costs of Natural Disasters,” by Carolyn Kousky, which appears in the journal, Energy Economics.  Although the focus in the article is on the conceptual basis of the estimates rather than the story told by the numbers, the author does pull together some estimates and the results are rather striking.   (more…)

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