AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.50 Increased By ▲ 2.97 (2.29%)
BOP 6.87 Increased By ▲ 0.19 (2.84%)
CNERGY 4.59 Decreased By ▼ -0.04 (-0.86%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.51 Increased By ▲ 0.74 (0.88%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 76.86 Increased By ▲ 1.39 (1.84%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.30 Decreased By ▼ -0.25 (-0.23%)
HUMNL 14.43 Decreased By ▼ -0.13 (-0.89%)
KEL 5.55 Increased By ▲ 0.16 (2.97%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.65 Decreased By ▼ -0.14 (-0.35%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.75 Decreased By ▼ -0.91 (-0.46%)
PAEL 26.10 Decreased By ▼ -0.55 (-2.06%)
PIBTL 7.60 Decreased By ▼ -0.06 (-0.78%)
PPL 158.81 Increased By ▲ 0.89 (0.56%)
PRL 26.25 Decreased By ▼ -0.48 (-1.8%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 82.25 Decreased By ▼ -0.19 (-0.23%)
TELE 8.13 Decreased By ▼ -0.18 (-2.17%)
TOMCL 34.45 Decreased By ▼ -0.06 (-0.17%)
TPLP 8.90 Decreased By ▼ -0.16 (-1.77%)
TREET 16.89 Decreased By ▼ -0.58 (-3.32%)
TRG 59.52 Decreased By ▼ -1.80 (-2.94%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,608 Increased By 201.7 (1.94%)
BR30 31,892 Increased By 178.5 (0.56%)
KSE100 98,960 Increased By 1631.6 (1.68%)
KSE30 30,781 Increased By 588.4 (1.95%)

From floods to extreme heat, 10 of the worst climate-linked disasters in 2018 caused at least $84.8 billion worth of damage, said a study released by the charity Christian Aid on Thursday. Extreme weather driven by climate change hit every populated continent this year, the British relief organisation said, warning urgent action was needed to combat global warming. "This report shows that for many people, climate change is having devastating impacts on their lives and livelihoods right now," said Kat Kramer, who heads Christian Aid's work on climate issues, in a statement.
Experts say a warming world will lead to sweltering heatwaves, more extreme rainfall, shrinking harvests and worsening water shortages, causing both monetary losses and human misery. Almost 200 nations are aiming to limit the rise in average world temperatures under the landmark 2015 Paris Agreement, though some warn progress to meet targets has been slow.
The 20 warmest years on record have been within the last 22 years, the United Nations said last month, with 2018 on track to be the fourth hottest. The most expensive climate-linked weather events of 2018 were Hurricanes Florence and Michael, which caused at least $32 billion worth of damage as they slammed into the United States, the Caribbean and parts of central America, the report said.
The United States also suffered at least $9 billion of losses from wildfires that caused dozens of deaths and destroyed thousands of homes in California. Japan was badly hit by severe floods over the summer, followed by the powerful Typhoon Jebi in autumn, which together caused more than $9.3 billion in damages, said the report.
It also cited droughts in Europe, floods in southern India and Typhoon Mangkhut in the Philippines and China among the most expensive climate-linked disasters of 2018. The report's authors collated total cost figures using data from sources including governments, banks and insurance firms, though in some cases the figures only covered insured losses and also failed to take account of the human costs of such events.
They added that rising temperatures would continue to drive extreme weather events as they urged action to prevent further global warming which would impact the poorest and most vulnerable communities hardest. "The impacts of climate change are no longer subtle," said Michael Mann, professor of Atmospheric Science at Penn State University, in a statement on the study.
"The world's weather is becoming more extreme before our eyes - the only thing that can stop this destructive trend from escalating is a rapid fall in carbon emissions.

Copyright Reuters, 2018

Comments

Comments are closed.