Global infra suffers $300B+ annual losses due to climate change

The Coalition for Disaster Resilient Infrastructure (CDRI) recently released a report, showing that the global annual average loss (AAL) in major infrastructure sectors due to disasters and climate change is between $301 and $330 billion. When factoring in health, education infrastructure, and building stock, this number jumps to a staggering $732-845 billion. Shockingly, almost half of this burden falls on low-and-middle-income countries (LMICs), which are already grappling with ill-prepared systems to handle climate change and rapid technological advancements.