Climate Disasters Cost $120 Billion in 2025, Fossil Fuels Blamed: Report

• Extreme weather events in 2025, driven by climate change, cost the global economy over $120 billion, according to a Christian Aid report.
• The report links the soaring financial toll to continued fossil fuel expansion, warning of unbearable costs due to climate inaction.
• The 10 costliest disasters each exceeded $1 billion, totaling $122 billion; true economic impact is likely higher as estimates are based on insured losses.
• The United States suffered the largest losses, with California wildfires causing $60 billion in damage and over 400 deaths.
• Asia experienced four of the six costliest disasters, including Southeast Asia cyclones/floods ($25B, 1750+ deaths) and India/Pakistan floods ($6B, 1860+ deaths).

Why It Matters: Climate change-driven disasters cost $120B in 2025, highlighting urgent need to cut emissions and aid vulnerable.