This paper investigates the global economic costs of extreme weather events attributable to climate change. Using data from Extreme Event Attribution (EEA) studies and socio-economic cost data, the authors estimate that US$143 billion annually of extreme weather costs are attributable to climate change, with 63% stemming from human loss of life. The study suggests that Integrated Assessment Models may significantly underestimate the economic costs of climate change.
Publisher
Nature Communications
Published On
Sep 29, 2023
Authors
Rebecca Newman, Ilan Noy
Tags
climate change
extreme weather
economic costs
human loss of life
Integrated Assessment Models
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