US climate-related disasters cost $145 billion in 2021 and more ahead, scientists say

ESG Insider: A podcast from S&P Global

In 2021, the world saw many major climate-related disasters ranging from wildfires, to flooding and hurricanes.

The U.S. National Oceanic and Atmospheric Administration, or NOAA, recently released its annual climate trends report, providing an important snapshot of the physical risks from climate change in the U.S. The report also puts a price tag on those risks: U.S. weather and climate-related disasters reached $145 billion in 2021.

In this episode of ESG Insider, Climatologist Karin Gleason of NOAA's National Centers for Environmental Information explains how climate change is amplifying extreme weather events by making them happen more often, last longer, and cause more damage.

And Karin's colleague, Climatologist Adam Smith, says 2021 further proves that the world must both adapt to the physical risks of climate change and mitigate future impacts by curbing greenhouse gas emissions. As for physical risks, "it's a socioeconomic question about how can we make ourselves more resilient collectively, whether it's the individual level, homeowner level, a town, even at the state and the federal levels."

We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([e-mail]) and Esther Whieldon ([e-mail]).

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