Ten extreme weather events across the globe cost €101bn this year, new report shows

The fires in California this year cost $60bn in damage and caused the deaths of more than 400 people. Picture: AP /Nic Coury

The world continues to count the heavy cost of climate disasters, as just 10 such events of heatwaves, wildfires, droughts and storms cost a seismic $120bn (€101bn) this year, a new report has found.

The ‘Counting the Cost 2025’ report from Christian Aid said the cost of climate inaction was clear from the devastation being wreaked by extreme weather events across the globe, with every region being impacted by climate change.