Map showing notable economic loss events due to natural and climate disasters in 2023. Global economic losses in 2023 were higher than the 21st century average. Economic losses from global natural disasters in 2023 are estimated at $380 billion, above long-term and short-term averages, after adjusting historical losses to today’s values using the U.S. Consumer Price Index. All continents recorded remarkable natural disaster events in 2023 and multiple countries faced the most significant disasters in their modern histories. The global map shows event and peril patterns that contributed to the overall economic losses in 2023. The largest loss driver was earthquake, yet this was largely caused by a handful of events, notably the earthquake sequence in Turkey and Syria. Severe convective storms came second, with the largest individual losses concentrated in the United States and Europe. Graphic: Aon

Aon: Number of billion-dollar disasters in 2023 highest on record – Severe convective storms were the most damaging peril for insurers

LONDON, 23 January 2024 (Aon) – Aon plc, a leading global professional services firm, today published its 2024 Climate and Catastrophe Insight report, which identifies global natural disaster and climate trends to help make better decisions to manage volatility and enhance global resilience. The report reveals that the 398 global natural disaster events caused a $380 billion (2022: $355 billion) […]

U.S. federal government outlays for net interest (12-month rolling sum), 1985-2023. Data are current through August 2023. Data: LSEG Datastream. Graphic: Kripa Jayaram / Reuters

As global debt worries mount, is another crisis brewing? “You can take many, many countries today, and you will see that we are not far away from a public finances crisis”

By Yoruk Bahceli, Dhara Ranasinghe, and Maria Martinez 16 October 2023 LONDON (Reuters) – Record debts, high interest rates, the costs of climate change, health, and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big, developed economies. A surge in government borrowing costs has put high debt in […]

Map showing global water stress projected to 2050. By 2050, an additional 1 billion people are expected to live with extremely high water stress, even if the world limits global temperature rise to 1.3 degrees C to 2.4 degrees C (2.3 degrees F to 4.3 degrees F) by 2100, an optimistic scenario. Global water demand is projected to increase by 20 percent to 25 percent by 2050, while the number of watersheds facing high year-to-year variability, or less predictable water supplies, is expected to increase by 19 percent. Data: wri.org/aqueduct. Graphic: WRI

25 countries, housing one-quarter of the population, face extremely high water stress – By 2050, an additional 1 billion people will live with extremely high water stress

By Samantha Kuzma, Liz Saccoccia, and Marlena Chertock 16 August 2023 (WRI) – New data from WRI’s Aqueduct Water Risk Atlas show that 25 countries — housing one-quarter of the global population — face extremely high water stress each year, regularly using up almost their entire available water supply. And at least 50% of the world’s population […]

Maximum July temperatures averaged over the length of the heat events defined for the WWA study published on 25 July 2023 (left-hand side) and the same but expressed in anomalies with respect to 1950-2023 (right-hand side). The first row shows the Western USA and Mexico, the second Southern Europe and the third row China. Graphic: World Weather Attribution

Extreme heat in North America, Europe, and China in July 2023 made much more likely by global warming – Without human-induced climate change these heat events would have been extremely rare: China heatwave would have been a 1 in 250-year event, and max heat like in July 2023 would have been virtually impossible in the U.S./Mexico region and Southern Europe

25 July 2023 (World Weather Attribution) – Following a record hot June, large areas of the US and Mexico, Southern Europe and China experienced extreme heat in July 2023, breaking many local high temperature records. July 2023 saw extreme heatwaves in several parts of the Northern Hemisphere, including the Southwest of the US and Mexico, […]

Map of regional temperature anomaly and heat-related mortality rate in Europe during the summer of 2022. a, Regional temperature anomaly (°C) averaged over the summer. b–f, Regional heat-related mortality rate (summer deaths per million) aggregated over the summer for the whole population (b), women aged 65–79 years (c), men aged 65–79 years (d), women aged 80+ years (e) and men aged 80+ years (f). Summer refers to the 14-week period between 30 May and 4 September 2022 (weeks 22–35). Graphic: Ballester, et al., 2023 / Nature Medicine

Study finds possibility that more Europeans died because of heat in 2022 than any year in recorded history

By Alice Park 10 July 2023 (TIME) – As the Earth continues to warm, the rising temperatures are contributing to a number of health conditions that are in turn driving up mortality. And for the first time, scientists have figured out a more detailed way to estimate how many deaths can be attributed to heat. […]

Change Over Time in (a) US Life Expectancy and (b) US Life Expectancy Gap and Rank Relative to Populous Countries (Population>500000), 1950-2021. Phase 1=1950–1954; phase 2=1955–1973; phase 3=1974–1982; phase 4=1983–2009; phase 5=2010–2019; phase 6=2020–2021. Bars plot the difference in life expectancy between the United States and the populous country (population >500000) with the highest life expectancy in the given year. The country with the highest life expectancy was Norway in 1950–1962 and 1976–1977, Sweden in 1963 and 1965–1975, the Netherlands in 1964, Japan in 1978–2007, Macao in 2008–2010, and Japan in 2011–2021. The line graph plots US rank relative to other populous countries, with higher rank denoting lower US life expectancy. Source: Author’s calculations based on UN data. Graphic: Steven H. Woolf MD, MPH, 2023 / AJPH

U.S. has been falling behind on life expectancy for decades – Between 1933 and 2021, 56 countries achieved higher life expectancy than U.S. – “Americans are sicker and die earlier than people in dozens of countries”

By Olivia Trani 1 June 2023 (VCU) – When it comes to public health, the United States is at a disadvantage compared with other developed countries. Americans experience more illness, have less access to health care and pay more for health services than citizens in other high-income countries. Americans also die earlier – and have been doing so […]

Map showing global climate risk as an Aggregated Damage Ratio, projected to the year 2050. Graphic: XDI

Florida’s projected sea level rise by 2100 is bad news for sunshine state – Outside of China, Florida is the most at-risk state/province in the world for economic damage caused by climate change

By Pandora Dewan 24 February 2023 (Newsweek) – By 2100, Florida could see sea levels rise by up to 6 feet, with over 900,000 properties at risk of being underwater. “By 2050, Florida sea levels, like much of the US, are headed for a 1-foot rise on average (above 2020 levels),” William Sweet, an Oceanographer for the […]

Map showing natural catastrophe loss events in 2022. Natural catastrophes caused overall losses of US$270 billion worldwide. Data: Munich Re, NatCatSERVICE, 2023. Graphic: Munich Re

Munich Re: Climate change and La Niña driving losses – “Climate change is taking an increasing toll. The natural disaster figures for 2022 are dominated by events that, according to the latest research findings, are more intense or are occurring more frequently.”

10 January 2023 (Munich Re) – With overall losses of around US$ 270bn (previous year US$ 320bn) and insured losses of roughly US$ 120bn (previous year US$ 120bn), 2022 joins the recent run of years with high losses. Overall losses were close to the average for the last five years, while insured losses were significantly […]

Yearly change in life expectancy in the U.S. and 30 other countries, 1901-2022. Data: Schöley, et al., 2022. Graphic: Fortune

The first global decline in life expectancy since World War II poses a major threat to the economy

By Matthew Heimer and Nicolas Rapp6 December 2022 (Fortune) – COVID’s devastation shows up starkly in life expectancy data: The pandemic’s peak marked the first time since World War II that LE (as demographers call it) declined across the globe. The graphic above is based on a data set that focuses mostly on Europe, but similar […]

Global excess and reported COVID-19 deaths and death rates per 100,000 population, January 2020-January 2022. (a) Cumulative global excess death estimates and the cumulative reported COVID-19 deaths by month from January 2020 to December 2021. (b) Global excess death rates per 100,000 population and the reported COVID-19 death rates per 100,000 population, also by month, from January 2020 to December 2021. On both plots, the central lines of the excess mortality series show the mean estimates, and the shaded regions indicate the 95 percent uncertainty intervals. Graphic: Msemburi, et al., 2022 / Nature

WHO study reports global Covid death toll likely three times higher than official records – Pandemic may have claimed nearly 15 million lives, more than 2.7 times official reports of 5.4 million – India mortality alone may be 6.45 million dead

By Robert Hart 14 December 2022 (Forbes) – The Covid-19 pandemic may have claimed nearly 15 million around the world in 2020 and 2021, according to World Health Organization estimates published in Nature on Wednesday, almost three times what was reported in official records and underscoring the devastating and far-reaching impact of the disease as countries strive to return […]

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