Publication Date: 14-09-2023
Although there is global consensus that human activity has been the main force behind climate change, given that it is a global commons problem, it is difficult to translate urgency into action. However, the frequency and severity of weather-related events is increasing, and this has raised awareness, compounded by the differentiated effects globally as reflected in the human and physical losses. Between January and June of this year, there have been around 4,000 deaths and US$70 billion in damage due to weather-related events (cyclones, droughts, floods, severe storms, and wildfires). Moreover, 3 out of every 4 lives were lost in developing economies, highlighting the excruciating toll from natural disasters in the global south, where infrastructure is typically uninsured and institutional capacity is less prepared than in the global north.
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