climate risks


climate change risks


All risks associated with the impacts of global warming, such as rising sea levels and unusual rain patterns and additional risks to infrastructure due to climate change.

Critical human impacts of climate change arise through impacts on human habitat (for example, desertification, temperature increases, floods), on food security, health, poverty, water scarcity, displacement, and security.

Economic losses from climate change are already substantial and on the rise. Over half of the world's population is presently threatened by natural hazards, and insured losses from weather-related disasters have jumped from USD 5.1 billion (GBP 3.4 billion) per year in the period between 1970 and 1989 to USD 27 billion (GBP 17.7 billion) annually over the last two decades. In Europe alone, losses from surge events along the North Sea coast are expected to more than quadruple from an annual average of EUR 600 million (GBP 530 billion) to EUR 2.6 billion (GBP 2.3 billion) towards the end of this century. But the most vulnerable and least prepared regions are in the developing world. Climate risks could cost emerging economies up to 19 percent of their total gross domestic product by 2030, predicts the Economics of Climate Adaptation (ECA) working group in its 2009 study 'Shaping Climate-Resilient Development. (