Natural disasters could cost 20 percent more by 2040 due to climate change
Sandbagged, trashed beach at South Nags Head, N.C. in February 1987, with some evidence of bags that have been torn or ruptured and have leaked sand. The scarp under the houses indicates that storm waves are topping the bags, and buildings were damaged or lost in the end. Captions and Photo courtesy of: © Orrin Pilkey.
Climate change could add more than 20 percent, or $100 billion annually, to the cost of extreme weather events around the world by 2040, according to a new analysis by researchers at Cambridge University…