Excessive climate occasions have gotten extra frequent, intense, and expensive. In 2024 alone, international pure disasters resulted in an estimated $368 billion in financial losses, with 60% of those losses uninsured, highlighting a considerable safety hole (Insurance coverage Enterprise). Wanting forward, a 2024 World Financial Discussion board report predicts that by 2050, climate-intensified pure disasters might result in $12.5 trillion in financial losses worldwide (World Financial Discussion board).
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