New Delhi, Dec. 27 -- Heatwaves, wildfires, droughts, and storms cost the world more than USD 120 billion in 2025, according to a new report analysing the escalating cost of climate change.
The report by UK-based NGO Christian Aid underscores the cost with fossil fuel companies playing a central role in driving the crisis. The report noted that cost of climate inaction is equally clear, as communities continue to bear the brunt of a crisis that could have been averted with urgent action to reduce greenhouse gas emissions.
"These disasters are not natural - they are the predictable result of continued fossil fuel expansion and political delay," said Emeritus Professor Joanna Haigh, at Imperial College London.
The ten most financially cost...