Economy Health Politics Local 2026-03-12T22:46:47+00:00

Climate Disasters Cost Asia $75 Billion Annually

A recent report revealed that Asia loses over $75 billion annually due to direct climate-related events, accounting for about 40% of global total losses. The region's countries are left to face this crisis alone, despite having played a minor role in its creation.


Climate Disasters Cost Asia $75 Billion Annually

Almost every month, extreme weather disasters claim more lives in South and Southeast Asia. It is clear that the people of this region now live with the reality of uncontrolled climate change, a crisis in which the rest of the world played a major role in creating, while these countries were left to face the consequences alone. A recent report from the Institute for Energy Economics and Financial Analysis in the United States indicates that Asia lost more than $75 billion annually between 2020 and 2023 as a direct result of climate-related events. This represents about 40% of global total losses.