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Natural disasters cost $210bn in 2020, the world's joint-hottest year

2021-01-09 09:02:01       source:CGTN

January 9, 2021

Financial losses caused by natural disasters worldwide last year amounted to $210 billion in damage, a sharp increase from the $166 billion global bill in 2019, Munich Re said in an annual report.

The report came just a day before the European Union's Copernicus Climate Change Service said 2020 tied with 2016 as the world's warmest year on record, rounding off the hottest decade globally as the impacts of climate change intensified.

German reinsurance giant Munich Re on Thursday urged action to prevent climate change from bringing about more such hazards, after a record hurricane season and major forest fires last year.

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