And while media showcase the terrifying impacts of every hurricane, the IPCC finds that “globally, there is low confidence in attribution of changes in [hurricanes] to human influence.” What’s more, the number of hurricanes that make landfall in the United States has decreased, as has the number of strong hurricanes. Adjusted for population and wealth, hurricane costs show “no trend,” according to a new study published in Nature.
Another Nature study shows that although climate change will increase hurricane damage, greater wealth will make us even more resilient. Today, hurricanes cost the world 0.04% of GDP, but in 2100, even with global warming, they will cost half as much, or 0.02% of GDP. And, contrary to breathless media reports, the relative global cost of all extreme weather since 1990 has been declining, not increasing.
Perhaps even more astoundingly, the number of people dying each year from weather-related catastrophes has plummeted 95% over the past century, from almost a half-million to under 20,000 today – while the world’s population has quadrupled.