Disasters Intensify With Climate Change, Carry Billion Dollar Costs

The video discusses the increasing frequency and cost of climate extremes in the U.S. since 1980, highlighting 285 billion-dollar disasters costing nearly $2 trillion. Factors like exposure, vulnerability, and climate change contribute to this trend. Recent years have seen a surge in such events, with 2020 setting a record. The economic impact of climate change could negate annual GDP growth. Research focuses on building resilience to severe weather. The Texas cold wave exemplifies the need for proactive adaptation to changing climates.

What are the three main factors contributing to the increasing cost and frequency of climate disasters?

• Industrialization, technology, and climate change

• Deforestation, pollution, and climate change

• Population growth, urbanization, and climate change

• Exposure, vulnerability, and climate change

How many billion-dollar weather and climate disasters occurred in the United States in 2020?

• 50

• 285

• 22

• 16

What is the estimated range of climate change costs as a percentage of the US GDP?

• 1% to 5%

• 3% to 7%

• 0.5% to 4%

• 2% to 6%

What is the primary goal of the Insurance Institute for Business and Home Safety's research?

• To reduce carbon emissions

• To test building products against severe weather

• To predict future weather patterns

• To develop new energy sources

What was a significant factor in the impact of the Texas winter storm?

• Excessive rainfall

• High temperatures

• Inadequate energy infrastructure

• Lack of snowfall