Report identifies top 10 climate disasters that cost the world billions in 2022

The 10 most financially costly events all had an impact of $3 billion or more. Most of these estimates are based only on insured losses, meaning the true financial costs are likely to be even higher, while the human costs are often uncounted.

Among them is Hurricane Ian which struck the US and Cuba in September, costing $100 billion and displacing 40,000 people.

...Mohamed Adow, Director of Nairobi-based energy and climate think tank, Power Shift Africa, said: “It’s sobering to see the full extent of climate breakdown the world has suffered from in 2022. Whether it be cyclones and floods, or droughts and heatwaves it is clear that the crisis is getting worse. This report shows, in the starkest terms, why urgent climate action is so vital in 2023. We need to see the phasing out of fossil fuels, an acceleration of renewable energy and greater support for the vulnerable.