Cost of Climate Change $4.5 Trillion, 830k Fatalities in 30 years: Report | Current Affairs | Vision IAS

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    Cost of Climate Change $4.5 Trillion, 830k Fatalities in 30 years: Report

    1 min read

    Impact of Inaction on Climate Change

    Over the last 30 years, climate inaction has resulted in severe consequences for a significant portion of the global population. Extreme weather events such as heat waves, storms, and floods have profoundly affected over 3 billion people, approximately 40% of the world's population, across 11 countries, including India.

    Climate Risk Index 2026

    The index, developed by Germanwatch, identifies the scale of impact from extreme weather over the past decades:

    • 9,300 Extreme Weather Events: Recorded globally between 1995 and 2024.
    • 830,000 Fatalities: Resulting from these events.
    • $4.5 Trillion in Damages: Economic losses adjusted for inflation.

    Country-Specific Impacts

    • Most Affected Countries: Dominica, Myanmar, and Honduras.
    • India's Ranking: Ninth most affected, with nearly 430 extreme weather events affecting 1.3 billion people, leading to 80,000 fatalities and $170 billion in economic losses.
    • Other Affected Nations: Haiti and the Philippines, both consistently face challenges due to regular floods, heat waves, and storms, which hinder recovery efforts.

    It is noteworthy that none of the ten most-affected countries belong to the high-income group, highlighting the disproportionate effect on lower-income nations.

    Call to Action

    The 2026 edition of the Climate Risk Index emphasizes the urgent need to enhance efforts to close the emission gap and mitigate further climate-induced threats.

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    • Climate Risk Index 2026
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