India has suffered an economic loss of $79.5 billion due to natural disasters in the last 20 years due to climate change. This information was given by the United Nations in a report. The report titled "Economic Losses, Poverty and Disasters: 1998-2017" assesses the significant changes caused by climate change or the impact of seasonal events on the global economy. It has been prepared by the UNITED NATIONS Department working to reduce disaster risk. 




151% increase in losses

The report said that between 1998 and 2017, there has been a 15.1% increase in direct economic losses due to natural disasters caused by climate change. The global economy has suffered a direct loss of $2,908 billion. This is twice as much as the loss in the last two decades.

Increased risk of climate change

The report, released on Wednesday, said the risk of climate change is increasing. The loss from major seasonal events accounts for 77 per cent of the total economic losses, close to $2,245 billion. Thus, between 1978 and 1997, they caused a direct economic loss of $895 billion. It has cost the US $944.8 billion, China $492.2 billion, Japan $376.3 billion, India $79.5 billion and Puerto Rico $71.7 billion. Three European countries are at the top of the economic losses caused by floods, storms and earthquakes. France lost $48.3 billion, Germany $57.9 billion and Italy $56.6 billion.