Events such as floods, droughts, and storms cause a lot of damage to societies and economies, but can we quantify the role of climate change in the impact of these events?
“The climate crisis is changing the frequency of these events, and they are becoming more intense and more damaging to the economy,” says Professor Ilan Noy, Chair in the Economics of Disasters and Climate Change at Te Herenga Waka—Victoria University of Wellington’s Wellington School of Business and Government.