Climate Disasters Cost $120bn: UN Urged to Act

The year 2025 witnessed a staggering economic toll from climate-related disasters, with the 10 worst events alone accumulating over $120 billion in insured losses. Cyclones and floods in Southeast Asia resulted in more than 1,750 fatalities and $25 billion in damage, while California's wildfires claimed over 400 lives and inflicted $60 billion in damages. China's severe floods displaced thousands and caused approximately $12 billion in losses.

Experts emphasize that these are not simply 'natural disasters' but direct consequences of the human-made climate crisis, driven by increasing fossil fuel expansion and political inaction. The report highlights that while developed nations often face higher documented economic costs, developing countries bear a disproportionately higher human toll, counting lost lives and futures.