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Billion Dollar Losses, Trillion Dollar Threats: The Cost of Climate Change

Home » Economic Activities » Business Case for Resiliency » Billion Dollar Losses, Trillion Dollar Threats: The Cost of Climate Change

Billion Dollar Losses, Trillion Dollar Threats: The Cost of Climate Change

Home » Economic Activities » Business Case for Resiliency » Billion Dollar Losses, Trillion Dollar Threats: The Cost of Climate Change

Since 1980, billion-dollar weather and climate disasters (hurricanes, severe storms, drought, flooding, wildfire, winter storms, and freezing) have led to $2.2 trillion in losses. Between 2017 and 2021, annual losses from billion-dollar disasters totaled $765 billion in losses and more than 4500 deaths. This is almost 8 times higher than in the 1980s. Not only are the events increasing in both occurrence and intensity, they are disproportionately impacting our communities. This report, prepared by PSE Health Energy for E2, aims to summarize the scale of weather and climate damage across the United States, the risk of escalating costs in a warming climate, and the need to invest in both climate mitigation and adaptation.

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The Resilience Calendar

  • Committee on Geological and Geotechnical Engineering Spring Meeting - Developing Consistent Geohazard Parameters for Infrastructure System Design Against Extreme Events
    Date: May 8, 2025
    Location: Virtual

    This meeting of the Committee on Geological and Geotechnical Engineering (COGGE) will consider how methods to identify geohazard design parameters (e.g., deterministic and probabilistic) may or may not be contributing to the confidence…

  • Against the Headwinds: How Tax Policy Can Advance Clean Energy
    Date: May 12, 2025
    Location: Virtual

    Join E2 for an important discussion with Senator Wyden about the current lay of the land on clean energy tax credits and where the opportunities lie to uplift existing success and preserve the momentum…

  • Circularity and Plastics--A Workshop
    Date: May 13, 2025
    Location: Virtual

    On May 13 - 14, 2025 the National Academies will convene a workshop to explore circularity and other approaches for the sustainable lifecycle management of plastic materials to mitigate plastic pollution.

    Learn more and register <…

  • Insights from the Mitigation Matters Award Program
    Date: May 13, 2025
    Location: Virtual

    The Natural Hazards Center is hosting a webinar highlighting the research from three of these teams. Presentations will examine a range of topics including, zoning practices to reduce flood risk in Virginia, the recovery…

Latest News & Resources

Collaborating for a Resilient Future: RVCA Launches Priority-Setting Workshop Series in Harrisonburg

On April 8, more than two dozen professionals, extension specialists, and regional stakeholders came together at the Harrisonburg Innovation Hub to kick off the Spring 2025 Resilient Virginia Collaborative Alliance (RVCA) Priority-Setting Workshop Series. This inaugural session marked a significant step forward in building a shared vision for climate resilience across Central and Southwest Virginia.

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