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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

  • Ecological Forestry in the Context of Climate Change Webinar Series
    Date: August 20, 2024
    Location:

    This 12-part monthly webinar series tells a story about how small- and large-scale forest disturbances, such as fire, wind, ice storms, hurricanes, sea-level rise, flooding, introduced and endemic forest pests, and others, impact forest…

  • EPA National EJ Community Engagement Call
    Date: August 20, 2024
    Location:

    The purpose of these calls is to inform communities about EPA's environmental justice work and enhance opportunities to maintain an open dialogue with environmental justice advocates.

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Latest News & Resources

2024 Resilient Virginia Annual Meeting

Our 2024 Annual Meeting was held in Charlottesville on July 25th at the Virginia Department of Forestry. Guest presenters included Shana Udvardy, Senior Climate Resilience Policy Analyst, Union of Concerned Scientists (updates on national resilience programs), and Matt Wells, Director, VA Department of Conservation and Recreation (updates on state-level programs).

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Resilient Virginia News: Spring 2024

Creating a Climate-Ready Virginia; Program and Project Updates; Board of Directors Updates;
Resources and Funding; EJ TCTACS; Solar for All; USDA Grants and Loans; FEMA National; Resilience Guidance; National Climate Resilience Framework; MARISA Tools; All Hazard Mitigation Planning Program; Charlottesville, Virginia Shows How Small Cities Can take a Lead on Zero-Emissions Public Transit; Rural Universities Experiment with ‘Innovation Hubs’; FEMA Announces $300 Million to Strengthen Community Resilience to Flooding; Biden-Harris Administration Invests $4.55 Million for Community Heat Resilience Through Investing in America Agenda; more.

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Creating a Climate-Ready Virginia

Climate readiness is about building holistic resilience. It involves taking targeted action to preserve and improve Virginia’s economy, infrastructure, and resources while safeguarding our community members’ health, safety, and quality of life.

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5th National Climate Assessment

The Fifth National Climate Assessment is the US Government’s preeminent report on climate change impacts, risks, and responses. It is a congressionally mandated interagency effort that provides the scientific foundation to support informed decision-making across the United States.

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