Counting the cost of natural disasters, plus the other climate-crisis stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Top climate crisis stories to read this week Natural disasters, many driven by the climate crisis, caused global economic losses of $313 billion in 2022, according to insurance broker […]

Here’s how natural disasters impact middle-class incomes

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Regina Pleninger, Economist, World Bank Natural disasters have short- and long-term effects on the economy as well as people’s lives. For example, weather shocks and the resulting macroeconomic fluctuations cost the economy 0.3% of permanent consumption in New […]

EU solidarity in action: Commission proposes €86.7 million for the recent natural disasters in France and Greece

This article is brought to you in association with the European Commission. Today, the European Commission is proposing a financial support of €86.7 million from the European Union Solidarity Fund (EUSF) to provide relief to the population of several regions in France and Greece hit by natural disasters in 2020. Commissioner for Cohesion and Reforms, Elisa […]

Austria, Italy, Portugal, Spain receive €279m after natural disasters in 2019

This article is brought to you in association with the European Parliament. On Thursday, Budgets Committee Members approved €279 million in EU aid following extreme weather events in Austria, Italy, Portugal and Spain in 2019. The draft report by rapporteur José Manuel Fernandes, (EPP, PT), who recommended that the assistance be approved, was adopted by 38 […]

We can’t rid Asia of natural disasters. But we can prepare for them

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nathanial Matthews, Program Director, Global Resilience Partnership & Deon NelCEO, Global Resilience Partnership Haiyan, Mangkhut, Yutu. Asia is one of the regions most affected by natural disasters, like the super typhoons named above. An estimated 40% of global losses […]