Published on Jan 2, 2026
Current Affairs
Christian Aid
Christian Aid

♦ According to the report by UK-based NGO Christian Aid Heatwaves, wildfires, droughts, and storms cost the world more than USD 120 billion in 2025. The report noted that cost of climate inaction is equally clear, as communities continue to bear the brunt of a crisis that could have been averted with urgent action to reduce greenhouse gas emissions.

♦ The ten most financially costly events all had an impact of more than USD billion with the combined total topping more than USD 122 billion in damage. Most of these estimates are based only on insured losses, meaning the true financial costs are likely to be even higher, while the human costs are often uncounted.

♦ The report also highlighted ten extreme weather events that didn't rack up big enough insured losses to make the top ten but were just as devastating and often affected millions.