Saturday, August 7, 2010

I guess they can print money

I'll continue to work on this list... it's surprising that there isn't some organization keeping track of what the Earth's natural disasters are costing. My concern here is that the world is scrambling to repair both broken economies and broken infrastructure as the weather starts reflecting climate change... there won't be any money left to do what we need to due to reverse global warming! Damage to infrastructure is only one element. There's lost crops and lost business as well. We see from the GOM oil spill how difficult it is to put a value on an economy disrupted by disaster.

I just realized the economic impact reports will probably not be available until next year because lots and lots of data collection and analysis is required to come up with one.

  • Feb 2010 Europe: At least 50 people have been killed in storms that have lashed parts of Spain, Portugal and France, officials say. Storm Xynthia cost 1.5 billion euros, say insurers
  • Apr 2010 US: Flood levels not seen in Rhode Island since record-keeping began in the 1870s have damaged sewage treatment plants, flooded industrial parks and created an environmental catastrophe as raw sewage flows into Narragansett Bay, officials said damage costs to exceed $200M
  • May 2010 US: Tennessee floods were 1000-year[1] floods in Middle Tennessee, West Tennessee, South Central and Western Kentucky and northern Mississippi as the result of torrential rains on May 1 and 2, 2010. Floods from these rains affected the area for several days afterwards, resulting in a number of deaths and widespread property damage. Damages to Nashville alone now are being estimated at $1.5 billion, a number the mayor says will climb because they haven't finished checking all areas.
  • May 2010 Europe: Parts of Poland, Slovakia, Serbia and the Czech Republic have been inundated after days of heavy rain burst river banks and inundated low-lying areas across the region. [May 2010]
  • Jun 2010 France: Heavy rains have caused havoc in France. Meterologists say the floods are the worst in the region since 1827. [June 2010]
  • Jun 2010 US: Death toll hits 19 in Arkansas floods [June 2010]
  • Aug 2010 Pakistan: Thousands of people in Pakistan's Punjab province are fleeing their homes as the worst floods in the country's history threaten more areas in the south.
    "People [in the flood areas] are literal fighting to get food aid”, Al Jazeera’s Imran Khan, reporting from the capital, Islamabad, said.
  • 2010 China: The death toll for China's worst flooding in a decade rose to 1,072 people, with 619 still missing. There had been flooding all over China this year [Aug 2010] Economic loss is more than $11 billion. About 875,000 homes have been destroyed, 9.61 million people evacuated, and 22 million acres (8.76 million hectares) of crops ruined, according
  • Aug 2010 Europe:Nine dead as flash floods inundate central Europe. (8/8/2010)
  • April 2010 Rio de Janeiro floods and mudslides are an extreme weather event that has affected the State of Rio de Janeiro in Brazil. More than 246 people have died after the heaviest rainfall ever recorded in the city. 113.6 million dollars
  • June 2010 Brazil: flood toll climbs amid search for hundreds of missing...55 million dollars in emergency aid; ...devastated sugar cane production with estimated losses at more than 56 million dollars
  • Jan 2010 Brazil: 85 dead and at least 100 houses demolished... the direct loss caused by the flood mudslide was estimated to be between 200 million and 250 million reais (between 116 million and 145 million U.S. dollars).
  • Aug 2010 In North Korea thousands of homes, public buildings and factories were ruined and about 14,859 hectares of farmland “submerged, buried or washed away,”
  • Aug 2010 An unprecedented amount of rain had already inundated the Yalu and Tumen rivers bordering China, with more forecast for the region... may cut production of rice and pork, boosting prices...Rice output may fall up to 7 percent
  • Jul 2010 Canada: Up to $450 million will be made available to help flooded-out Prairie farmers... Eighteen per cent of Canada's productive farmland on the cultivated side will not be producing this year. Read more... Saskatchewan Faces $300 Million Flood Repair Bill: “In fact, with agricultural output falling by nearly a third, and taking these indirect effects into account, real GDP could drop by about 2%.”
  • Aug 2010 Africa: A severe drought is causing increasing hunger across the Eastern Sahel in west Africa, affecting 10 million people in four countries. In Niger, the worst-affected country, 7.1 million are hungry, with nearly half considered highly food insecure because of the loss of livestock and crops coupled with a surge in prices. Last year exceptionally heavy rainfall destroyed crops and devastated this year's harvest in the region. The resulting fall in production in staples like maize, millet and sorghum has affected much of West Africa's Sahel – fragile in the best of times – including neighbouring Chad and northern Nigeria. ...drought hits Africa
  • Jan 2010 Australia: Some of the biggest rainstorms in more than 100 years have been recorded, turning the floodplain of the Castlereagh and other rivers into veritable inland seas that could see some properties cut off for weeks Floods break drought in Australia's parched inland

1 comment:

  1. That's a lot for an incomplete list. I've read somewhere that reinsurance companies like Lloyds of London do cost analysis on weather related destruction.

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