Category : Climate Change | Location : National | Posted on 2024-05-31 02:21:14
Cyclone Phalin in 2013 alone led to a loss of more than Rs. 20,000 crore. Cyclone Hudhud in 2014 is estimated to have caused damages of about Rs 1,00,000 crore and so did the 2014 Jammu & Kashmir floods. The government of India estimates that expenditure on adaptation to climate variability exceeds 2.6 per cent of the GDP or about Rs 300,000 crore. These costs will only rise with increasing frequency of extreme weather events.
Source: https://www.downtoearth.org.in/blog/climate-change/rising-to-the-call-of-climate-change-50744
