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Climate change predicted to escalate Tropical Cyclone damage costs for US and China
A new study looking at the economic costs of tropical cyclone damage taking into account climate change, forecasts that tropical cyclones will cause $109 billion in damages by 2100. Increased vulnerability of populations and growing economic wealth is expected to double the costs from $26 billion per year to $56 billion by 2100. Climate change is predicted to add some $53 Billion in damages. Two countries are responsible for incurring 75% of the extra damage from climate change associated with tropical cyclones: the United States and China. But tropical island nations will incurr the highest damage per GDP - up to 37%.
A new study looking at the economic costs of tropical cyclone damage taking into account climate change, forecasts that tropical cyclones will cause $109 billion in damages by 2100. Increased vulnerability of populations and growing economic wealth is expected to double the costs from $26 billion per year to $56 billion by 2100. Climate change is predicted to add some $53 Billion in damages. Two countries are responsible for incurring 75% of the extra damage from climate change associated with tropical cyclones: the United States and China. But tropical island nations will incurr the highest damage per GDP - up to 37%.
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