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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

  • Understanding the 2025 Budget and Appropriations Process
    Date: February 29, 2024
    Location:

    The Environmental and Energy Study Institute (EESI) invites you to a briefing about the latest presidential budget proposal and the outlook for Congressional appropriations for fiscal year 2025.

    Learn more and register

  • 2024 Legislative Update Call Series
    Date: March 1, 2024
    Location:

    The 2024 General Assembly will be unlike any session we've seen in recent years, with high stakes for the future of environmental protection in Virginia. Register now to join Virginia LCV Executive Director Mike…

  • NCA5 Webinar: Economics and Supply Chains
    Date: March 4, 2024
    Location:

    The NCA5 chapter webinars are an opportunity for you to hear about the findings of a particular chapter from the authors themselves. Each virtual one-hour event is expected to include some time for Q&…

  • 2024 Legislative Update Call Series
    Date: March 8, 2024
    Location:

    The 2024 General Assembly will be unlike any session we've seen in recent years, with high stakes for the future of environmental protection in Virginia. Register now to join Virginia LCV Executive Director Mike…

Latest News & Resources

Resilient Virginia News: Winter 2024

Spring 2024 Resiliency Academy | Program and Project Updates | Understanding the Intersection of Climate Risk, Food System Resilience, and Racial Equity | Community Change Grants Program | State of Clean Energy | Pathways to Resilient Communities: Infrastructure Designed for the Environmental Hazards in Your Region | Virginia Flood Resilience Funding Outreach Assessment | Journal of Disaster Studies | Resilient Virginia Resources | Muted: Climate Marginalization in America | Sinking Land on East Coast Threatens Critical Infrastructure | As the Number of American Farms and Farmers Declines, Agriculture Secretary Urges Climate Action to Reverse the Trend | 2023’s Billion-Dollar Disasters List Shattered the US Record with 28 Big Weather and Climate Disasters Amid Earth’s Hottest Year on Record

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2023 Listening Session Summary

Our 2023 Listening Session discussion focused on roadblocks to building community resilience and challenges in communicating about resilience and strategies to overcome these roadblocks; as well as collaboration, partnerships, and other ways to work with others on resilience.

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CFPF Funding Provides Hope for Rural Communities

CFPF funding provides communities across Virginia with the resources they need to address the impacts of increasing flooding events. Rural communities, who often face a gap in capacity and funding, can use this funding to close those gaps and address flooding impacts. Take a look at how Martinsville, Halifax, and South Boston are using the funding to build their flood resilience.

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