Climate change tightened its grip in 2025 as extreme weather events across continents caused massive destruction, claiming lives, displacing millions, and draining global economies. A new report by UK-based charity Christian Aid highlights how climate-driven disasters are becoming one of the biggest financial risks of our time.
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- 2025, 10 major climate disasters were recorded, causing losses of over $120 billion globally
- Wildfires in California (USA) were the costliest, causing over $60 billion in damage
- Fires worsened by heatwaves and droughts, destroying homes in high-value urban areas
- Southeast Asia floods affected Thailand, Malaysia, Indonesia, Vietnam and Sri Lanka
- Over 1,700 deaths and $25 billion in losses recorded in the region
- China’s floods caused about $11 billion in damage, disrupting supply chains
- Hurricane Melissa hit Caribbean nations, causing $8 billion losses
- Island nations faced long-term economic damage due to tourism and infrastructure loss
- India and Pakistan floods caused losses of $5.6 billion, killing over 1,800 people
- Climate change is intensifying monsoons, floods, fires and storms, increasing economic risk
- Report warns climate disasters now impact growth, infrastructure, food security and public finances




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