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