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Climate, 200 billion in damages a year, Italy most affected in the EU - Infrastructures & Cities

2024-02-28T11:53:15.432Z

Highlights: Climate, 200 billion in damages a year, Italy most affected in the EU. Extreme weather events linked to climate change cause 200 billion dollars in losses worldwide every year. The Philippines is at the top of the ranking, with damages that each year account for 3% of GDP. In 2023, in particular, Italy was the European country most affected by thunderstorms and storms - as demonstrated by the flood in Emilia-Romagna and the hail in Northern Italy. In 2013 and 2022, Italy suffered damages amounting to 37 billion dollars, of which only 5 were insured.


Extreme weather events linked to climate change - floods, tropical cyclones, thunderstorms and storms - cause 200 billion dollars in losses worldwide every year, a figure that is expected to rise. (HANDLE)


Extreme weather events linked to climate change - floods, tropical cyclones, thunderstorms and storms - cause 200 billion dollars in losses worldwide every year, a figure that is destined to rise.


   This is what emerges from a report by the reinsurer Swiss Re which elaborates the conclusions of the Intergovernmental Panel on Climate Change (IPCC) and draws up a ranking of 36 countries identifying the most vulnerable ones.


    The Philippines is at the top of the ranking, with damages that each year account for 3% of GDP (in total 12 billion dollars in 2022), while the United States is second in relation to GDP (with an annual loss of 0.4%), but first in absolute terms (with 97 billion dollars in damages).


    In 2023, in particular, Italy was the European country most affected by thunderstorms and storms - as demonstrated by the flood in Emilia-Romagna and the hail in Northern Italy - with insured losses exceeding 3 billion dollars, the highest ever recorded in the Peninsula.


    Between 2013 and 2022, Italy suffered damages amounting to 37 billion dollars, of which only 5 were insured and this means a "protection gap", an absence of protection equal to 87% of cases, explains Swiss Re. In the classification of losses in relation to GDP it is 17/yr, with an estimated loss of 0.11% (2.3 billion dollars).


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