Costs
According to IPCC (2011) estimates of annual losses have ranged since 1980 from a few billion to above 200 billion USD (in 2010 dollars), with the highest value for 2005 (the year of Hurricane Katrina). The global weather- and climate-related disaster losses reported over the last few decades reflect mainly monetized direct damages to assets, and are unequally distributed. Loss estimates are lower bound estimates because many impacts, such as loss of human lives, cultural heritage, and ecosystem services, are difficult to value and monetize, and thus they are poorly reflected in estimates of losses.
Read more about this topic: Extreme Weather
Famous quotes containing the word costs:
“It costs you something to do good!”
—Zora Neale Hurston (1891–1960)
“That which costs little is less valued.”
—Miguel De Cervantes (1547–1616)
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isn’t. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)