Climate Change Costs of $300 B - Munich RE

The worldwide

costs of climate change will reach $300 billion annually by 2050, predicts Munich RE, one of the world’s largest reinsurance companies. These costs will result from more frequent tropical cyclones, land loss due to rising sea levels, and damage to fishing stocks, agriculture, and water supplies. In the U.S., an estimated cost of $30 billion per year would result from health-related measures and more intensive water management. Munich RE has been monitoring the costs of natural disasters since the 1960s; the company’s predictions were published in the United Nations Environment Programme publication

Our Planet.